The rebound followed a period of slow growth in 2023, when GDP expanded by just 0.1%.

The rebound followed a period of slow growth in 2023, when GDP expanded by just 0.1%.
The figure indicates that the Polish economy almost fully utilises its available labour resources.
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“We are better than all the big EU countries, and we beat the Germans by a long shot,” declared Prime Minister Donald Tusk.
Among the eight eastern member states that joined in 2004, only Lithuania (60.3%) was found to have had a bigger premium.
It was Poland’s lowest GDP growth since the early 1990s, apart from the pandemic-induced drop in 2020.
The interest rate cut, from 6.75% to 6%, is Poland’s first in three and a half years.
In terms of actual individual consumption (AIC) taking account of price differences, Poland has overtaken Spain and almost caught up with Ireland.
Poland’s seasonally adjusted GDP in Q4 of 2022 fell by 2.4% from the previous quarter, compared to a drop of 0.1% for the EU as a whole.
But Poland must support the learning of Polish, ensure access to the housing market, and help refugees find work matching their skills and qualifications.
“Polish institutions and companies can share their experience with Ukraine,” writes Pekao bank.
“Ouch,” said analysts at mBank, commenting on inflation figures that exceeded most forecasts.
On a quarterly basis, the Polish economy shrank in the second quarter by 2.3%.
“We must be a cohesive, armed and brave nation,” said Jarosław Kaczyński.
Poland has overtaken Portugal on Eurostat’s measure of GDP per capita taking account of purchasing power standards.