Free Trial

Quick Reactions Of Polish Analysts To Final Q1 GDP Data


Poland's final Q1 GDP has been revised to -0.3% Y/Y from the flash reading of -0.2%, data from the local statistics office showed.

  • Pekao note that the downward revision "doesn't change much." They point to a weak outturn for private consumption, decent investments, stellar net exports and poor inventories. Pekao maintain their full 2023 GDP forecast at +0.9% Y/Y.
  • The Polish Economic Institute expect economic activity to recover in Q2 alongside the purchasing power of consumers. They expect growth to average at +0.7% Y/Y this year
  • mBank call the correction to the flash reading "insignificant" and outline a similar overview of GDP composition as their colleagues.
  • ING say that net exports will be the main engine of growth this year, but they expect that GDP will rise by a modest ~1% Y/Y.

To read the full story


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.