Poland: On Path of Recovery and Growth

PeopleOther ♦ Published: January 7, 2014; 12:30 ♦ (Vindobona)

The Polish economy has been growing steadily since the beginning of 2013. However, budget deficit slightly exceeded forecasts.

Poland: On Path of Recovery and Growth / Picture: © Wikimedia Commons / [Public Domain]

Last year, the Polish economy grew by 1.5 percent year-on-year, as announced by the Economy Ministry in its monthly report. The authority keeps earlier estimates unchanged after macro data of the months of October and November were published. The country’s GDP grew by 0.5 percent year-on-year in the first quarter, 0.8 percent (y/y) in the second quarter and 1.9 percent (y/y) in the…