It was the first annual economic contraction since 1996, as the pandemic crisis hampered domestic demand by 3.7%, while investment shrank by 8.4% last year, the Warsaw-based statistics agency said. On the production side, output decreased for industry (-0.2%), construction (-3.7%) and trade, repair of motor vehicles (-4%).
Data from November showed the economy shrank 1.5% in the third quarter of 2020, easing from a 8.4% contraction in the previous three-month period.
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