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.
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September 15, 2020
Wozniak Legal had the pleasure of advising Allen & Overy Poland on the lease agreement regarding A&O new premises at Browary Warszawskie...Read more
August 25, 2020
Wozniak Legal acted for First Property Group, an investment company and the manager of real estate funds operating in the UK and Central Europe,...Read more
June 23, 2020
Similar to numerous initiatives in Western Europe, Poland adopted legislation amending the Act of July 24, 2015, on The Control of Certain Investments,...Read more