Exports protect Polish growth

Rafał Guz/PAP

Strong exports have helped Polish the economy bounce back in the third quarter following the downturn caused by the spring lockdown.

According to data published on Monday by the Central Statistical Office (GUS), Poland's net exports added as much as 1.7 percentage points to the country's GDP growth in the third quarter, the newspaper Dziennik Gazeta Prawna wrote in its Tuesday edition.

Coupled with a strong recovery of private consumption, exports helped to make up for three-quarters of the losses generated by the national lockdown in the spring.

Speaking to Dziennik Gazeta Prawna, Łukasz Czernicki, the Finance Ministry's chief economist, said that the coronavirus pandemic may permanently change the structure of spending or even limit consumer expenditure in the coming months.