Poland Q4 GDP growth revised higher
Poland’s economy expanded 3.2% year-on-year in the fourth quarter of 2019, revised from a preliminary reading of 3.1% and easing from a 3.9% expansion in the previous period, the Warsaw-based Central Statistical Office (GUS) says. It was the weakest growth rate since the last quarter of 2016.
Both household consumption (3.3% vs 3.9% in Q3) and public spending (3.1% vs 4.7%) advanced at a softer pace. On the other hand, fixed investment increased 4.9%, faster than a 4.7% growth in the prior period.
Net external demand contributed positively to the gross domestic product, as exports rose 1.4% in Q4, while imports fell 0.7%. On a seasonally adjusted quarterly basis, the economy advanced 0.3%, following a 1.2% expansion in the third quarter of 2019.
Considering full 2019 data, Poland’s GDP grew 4%, slowing from a 5.1% expansion in 2018, GUS said on February 28.
Companies Spending Less on Advertising
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
