Poland has the strongest Q-on-Q GDP growth in the EU

Revised figures from the European Commission predict Poland’s GDP growth for 2019 will be 4.1 percent and 3.3 percent for 2020 and 2021. Kalbar/TFN

In the third quarter of 2019 Poland registered the strongest quarter on quarter growth among EU countries, with a 1.3 percent increase, over four times better than the EU average of 0.3 percent increase.

Data from Eurostat shows that Hungary was the only other EU country to post growth over 1 percent, reaching 1.1 percent growth between Q2 and Q3.

Germany posted 0.1 percent growth while the UK posted 0.3 percent growth, both economies had been at risk of falling into recession after posting negative figures the previous quarter.

In the third quarter of 2019 Poland registered the strongest quarter on quarter growth among EU countries, with a 1.3 percent increase, over four times better than the EU average of 0.3 percent increase.Eurostat

The Polish economy, which has been labeled a miracle, is continuing to outperform expectations with many economists and forecasters continuing to revise growth expectations and then backtracking when the data comes in.

Just last week the European Commission cut their forecasts for Polish growth for 2019 and 2020.

The revised estimates predict the growth for 2019 will be 4.1 percent and 3.3 percent for 2020 and 2021.