Polish economic growth likely to have accelerated in Q3 2017

The Polish economic growth is expected to have accelerated in the third quarter. According to an Erste Group Research report, the Polish economy is likely to have grown 4.8 percent year-on-year in the September quarter from second quarter’s 3.9 percent year-on-year growth. The economy is expected to have been driven by domestic demand, which is underpinned by strong wage growth and improving labor market conditions.

However, investments are expected to recover gradually at the end of this year and the beginning of next year because of higher utilization of EU funding. There are possible upside risks to the FY2017 forecast at 4.1 percent, stated Erste Group Research. The latest EC version shows that the real GDP is expected to grow 4.2 percent year-on-year in 2017.

“In our view, the GDP growth will slightly slowdown in 2018. However, we maintain our FY18 forecast at 3.4 percent y/y”, added Erste Group Research.

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