Polish Economy Grows at Quickest in 2 Years on Loan Costs - Bloomberg

Polish Economy Grows at Quickest in 2 Years on Loan Costs - Bloomberg:



"Poland’s economy grew at the fastest pace in two years in the first quarter as record-low borrowing costs stoked consumer spending and corporate investments.


Gross domestic product surged 3.4 percent from a year earlier last quarter, compared with 2.7 percent in the previous three months, according to a preliminary estimate published today by the Central Statistical Office in Warsaw. That exceeded the 3.3 percent preliminary estimate published May 14. GDP rose 1.1 percent from the previous quarter.



Borrowing costs, kept at a record low since July, will be maintained unchanged at least until the end of the third quarter, helping the European Union’s largest eastern economy gather pace, according to the central bank’s economic outlook. It predicts full-year growth of 3.6 percent, more than double last year’s rate."



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