Home » Business » The Polish economy is celebrating the sharpest year-on-year growth in history. It flew out of the pandemic – ČT24 – Czech Television

The Polish economy is celebrating the sharpest year-on-year growth in history. It flew out of the pandemic – ČT24 – Czech Television

However, growth fell slightly short of the expectations of analysts, who estimated its pace in the Reuters poll at eleven percent.

The statistical office also stated that in a quarter-on-quarter comparison, GDP according to seasonally adjusted data increased by 1.9 percent. Growth accelerated from 1.3 percent in the first quarter.

Last year, due to the covid-19 pandemic, the Polish economy experienced its first full-year decline since 1996. However, compared to other European economies, the economic downturn in Poland was relatively modest.

The first estimate of the Czech Statistical Office (CSO) at the end of July showed that the Czech economy grew by 7.8 percent year on year in the second quarter of this year, after declining by 2.4 percent in the first quarter.


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