Poland top of the class in the European Union

Poland’s GDP in the second quarter of 2017 increased by 3.9% year on year, and increased by 1.1%, when comparing quarter to quarter, results from the quick estimate made by the Central Statistical Office (GUS) showed on Wednesday.

“These data indicate that the Polish economy is in a growth phase,” Władysława Jastrzębska, an economist at the University of Rzeszow, told PAP with regard to the GUS figures.

In her opinion, this trend will continue until the end of the year.

"The next year should also be good for the Polish economy," the expert says, although it will be subject to further investment in modern production.

“Innovation policy is no doubt very important. These are prerequisites that could sustain a fairly high GDP growth rate in the future,” Jastrzębska says.

“The GUS data are a good result. The second half of the year may be even better, and throughout the year, growth will be close to 4 per cent,” says Janusz Szewczak, the deputy chairman of the parliamentary Public Finance Committee.

“The opposition announced an economic downturn, the imbalance of the budget. It is exactly the opposite,” he adds.

Estimates provided by Eurostat on Wednesday also point to how healthy the Polish economy is.

They show that GDP in the euro zone increased by 2.2% in the second quarter of 2017 and by 0.6% quarter on quarter.

Against this backdrop, Poland is performing excellently and is top of the class in the EU, analysts say.

gpc.png Source: Dziennik Gazeta Polska