Poland's GDP up 4.7 pct y/y in 1st quarter - stats office

Kalbar/TFN

The Polish economy grew by 4.7 percent year-on-year in the first quarter of 2019, the Central Statistical Office (GUS) said on Friday.

In the fourth quarter of 2018, Poland’s GDP increased by 4.9 percent y/y.

GUS data also showed that the country's investment grew by 12.6 percent, individual consumption by 3.9 percent, domestic demand by 4.2 percent and exports by 5.9 percent year-on-year in the January-March period.

Economists polled by PAP on May 30 expected investment to grow by 7.2 percent, individual consumption to rise by 4.2 percent and domestic demand to increase by 4.4 percent.