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
Read also
March 01, 2023
17th edition of Fraud, Asset Tracing and Recovery conference will be held in Geneva on 16-17 March 2023 on cryptocurrencies, fraud, law enforcement...
Read more
February 21, 2023
Woźniak Legal has successfully represented a Polish FX mortgage borrower over validity of the Swiss franc loan taken by the borrower (acting...
Read more
February 08, 2023
Amendments to the Labour Code which introduce the remote work come into force on 7 April 2023. Other changes to the Labour Code (including the sobriety checks of employees)...
Read more