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GDP growth at 4.4 percent, new stats reveal

PR dla Zagranicy
John Beauchamp 31.05.2011 15:42
Poland’s GDP stood at 4.4 percent growth year-on-year, reveal new numbers released on Tuesday by the Central Statistics Agency.


The figures are in line with economists’ expectations.

Aleksandra Swiatkowska, an economist from PKO Bank Polski notes that the 4.4 percent growth rate in Q1, 2011 is a slight drop on Q4 figures from the end of last year, which stood at 4.5 percent.

“This is the effect of coming out of the financial crisis in 2010 and it was relatively easy to generate a high dynamic whereas now we are coming into a period of stable growth, which is also good at above 4 percent,” Swiatkowska told Polish Radio.

Deputy Prime Minister and Economy Minister Waldemar Pawlak has praised the result. In a comment for PAP news agency, Tuesday, he said that the figures “show a rise in business activity and bode well for the future.”

The Economy Ministry hopes that Poland’s GDP will continue at a rate of over 4 percent growth for the remainder of the year. (jb)

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