The FINANCIAL — Poland’s economy accelerated in the first quarter with gross domestic product rising 3.6% on the year, faster than the preliminary reading of 3.5% and up from 3.3% in the fourth quarter, the Central Statistical Office said on May 29, according to Nasdaq.
Seasonally adjusted quarterly growth was confirmed at 1.0% in the first quarter up from 0.8% in the fourth quarter.
In mid-May the statistics office estimated fourth-quarter growth at 3.5% annually while seasonally adjusted quarterly growth was reported as 0.5%.
The main drivers of growth in Poland are domestic demand, which grew by 2.6%, investments, which were 11.4% higher and private consumption, which grew 3.1%, the first quarter data showed.
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