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Poland: Economic Slowdown Becomes More Visible

Published: February 19, 2013; 18:55 · (Vindobona)

Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.

Poland: Economic Slowdown Becomes More Visible / Picture: © Polish National Bank NBP

In the last quarter of 2012, consumption was down by 0.9%. In the first quarter of 2013, the domestic consumption is expected to continue the downward trend. The average gross wages grew by 2.9% in the fourth quarter compared to the reference period of 2011. In 2012, the average wage increase came at 3.6%. In 2012, Poland´s inflation rate has reached 3.8%. As a result, real income was…

This article includes a total of 150 words.

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