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Better GDP Growth Driven By Consumption

POLAND
EM BulletHomepagemarkets-real-timeBulletEmerging Market News

Poland's GDP growth for Q1 was revised to +2.0% Y/Y from the flash reading of +1.9%, with the sequential print revised to +0.5% Q/Q from +0.4%.

  • ING write that in line with expectations, the recovery in GDP is driven by consumption, while their forecast of a decline in investments did materialise.
  • mBank note that the breakdown of the data clearly indicates that consumption was the main "hero" of this print.
  • The Polish Economic Institute write that consumption will drive economic growth in 2024 as robust wage growth and low inflation translate into a better position of households. They add that investments will be weaker, across both the public and private sectors.
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Poland's GDP growth for Q1 was revised to +2.0% Y/Y from the flash reading of +1.9%, with the sequential print revised to +0.5% Q/Q from +0.4%.

  • ING write that in line with expectations, the recovery in GDP is driven by consumption, while their forecast of a decline in investments did materialise.
  • mBank note that the breakdown of the data clearly indicates that consumption was the main "hero" of this print.
  • The Polish Economic Institute write that consumption will drive economic growth in 2024 as robust wage growth and low inflation translate into a better position of households. They add that investments will be weaker, across both the public and private sectors.