WARSAW: The Polish economy grew 2.5% in real terms year on year in the third quarter, the Central Statistical Office said on Wednesday. The figures confirm a flash estimate from earlier this month. Economists had expected GDP growth of around 2.9 percent. The last time the Polish economy grew less than 3 percent was at the end of 2013. Investment in the third quarter fell 7.7% year on year while domestic demand grew 2.9%, Central Statistical Office figures indicated.
International rating agency Fitch earlier this week lowered Poland’s 2017 GDP growth forecast from 3.2% to 3%. Fitch said in a report that Britain’s referendum vote in June to leave the European Union and the November election of Donald Trump as US president indicated the global economy was heading toward “economic nationalism”. This would limit free trade and movement of workers, Fitch said.
