Poland's exports increased by 10.7 percent year on year and by 10.7 percent month on month in September 2019, according to experts from the Polish Chamber of Commerce (KIG).
The latest figures from Eurostat show a 2 percent growth in Poland’s construction sector compared to the EU average which saw a 0.5 percent decline.
Poland's economic growth is expected to reach 4.3 percent in 2019 driven by private consumption and higher investments, the World Bank has said in a report, having revised upwards its April 2019 forecast of 4.0 percent.
Foreign Direct Investment (FDI) in Poland grew by 45.3 percent year on year in 2018 to PLN 50.37 billion (EUR 11.66 billion) while Polish investment abroad was down by PLN 1.5 billion (EUR 347 million) the National Bank of Poland (NBP) reported on Friday.
Leading Portuguese weekly 'Expresso,' predicting recession in Europe, has pointed to Poland as a "world leader in economic growth" among developed countries, pointing out that since 1992, only Australia has kept up with Polish GDP growth.
"Poland is ready for a global economic slowdown. Poland's GDP growth should visibly drop to below zero to make our deficit come close to the EU limit," the Deputy Finance Minister Leszek Skiba told the Dziennik Gazeta Prawna daily on Thursday.
Poland's largest lender by assets, PKO BP, has maintained the forecast of Poland's economic growth at 4.6 pct in 2019 and slightly raised its forecast for next year to 3.7 percent, PKO BP's chief economist, Piotr Bujak, said on Thursday.
"Private consumption is expected to strengthen in the second half of 2019 and in early 2020, as new fiscal transfers and tax cuts increase household disposable income, the European Commission said.
Portfolio Advisor for East Capital, Eglé Fredriksson says despite Poland becoming the seventh largest economy in the EU with GDP at EUR 524 billion, and GDP per capita rising almost eightfold to EUR 13,558, little is being reported about this abroad.
This year Poland’s GDP will exceed $600 billion for the first time in history.
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