The actual growth was higher than the 4.7% figure announced in a flash estimate by the Office earlier this month.
In mid-November, Poland’s central bank revised upwards its GDP growth forecast for the country, saying it expected the economy to expand 4.2% this year as a whole. In its July forecast, the bank said it expected the economy to grow 4.0% this year.
Earlier this week, The Organisation for Economic Cooperation and Development, which brings together 35 developed countries raised its 2017 GDP growth projection for Poland to 4.3 percent from 3.6 percent in a June forecast. The OECD also raised its 2018 GDP growth forecast for Poland to 3.5 percent from 3.1 percent.
Poland is the second destination for FDI in Europe by jobs created, after UK and ahead of Germany. Investors are broadening into real estate, energy, construction and infrastructure sectors. This growth represents significant opportunities for firms and individuals to enter new market.
Nowhere in the world have expectations for growth changed so rapidly and positively as in Central and Eastern Europe, and especially in Poland. Behind the improvement are the attractive environment for foreign investment, government stimulus measure, easy financing conditions and the revival of EU structural funds that are supporting stronger growth in the region.
Back to list
February 04, 2019
The Act on Criminal Liability of Companies is being processed by the Polish Parliament. The new law can be passed even in March. The companies...Read more
January 31, 2019
2018 has been an important year for us. It has been abundant with International Bar Association activities and recognitions, which in turn has...Read more
January 08, 2019
Last month, I was asked to speak at the conference in Moscow at the Law Firm Management Committee of the International Bar Association. My task...Read more