The FINANCIAL — Poland’s gross domestic product growth accelerated to 3.5% in annual terms in the first quarter of this year from 3.3% in the fourth quarter of 2014, the country’s statistics office said in a flash estimate on May 15, according to Nasdaq.
Economists polled by The Wall Street Journal had expected growth of 3.4% in the first quarter.
In seasonally adjusted terms, the economy expanded 1% from the fourth quarter compared to a growth rate of 0.6% between October and December.
The annual growth rate was driven by manufacturing, trade and construction, the statistics office said. Domestic demand and exports also contributed to the growth rate of Poland, the largest emerging economy in the European Union, while purchasing power increased, the office also said.
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