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Financial News: Poland GDP Growth Accelerates Unexpectedly In Q4

Poland GDP Growth Accelerates Unexpectedly In Q4

02/14/2017 - 05:25:00 (RTTNews)

(RTTNews) - Poland's economic growth improved unexpectedly in the three months ended December, preliminary figures from the Central Statistical Office showed Tuesday.

Gross domestic product advanced an unadjusted 2.7 percent year-over-year in the fourth quarter, faster than the 2.5 percent rise in the third quarter. Meanwhile, economists had expected the growth to remain stable at 2.5 percent.

In the second quarter of 2016, the rate of expansion was 3.1 percent.

On a seasonally adjusted basis, the annual economic growth quickened to 3.1 percent in the December quarter from 2.3 percent in the September quarter.

Quarter-on-quarter, the economy expanded at a faster rate of 1.7 percent in the fourth quarter following a 0.4 percent gain in the previous quarter.

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