Poland growth defies eurozone crisis

Poland’s economy remained resilient in the face of the eurozone crisis, with data published on the 31 May 2012 showing the country’s gross domestic product grew 3.5% year on year in the first quarter of 2012, largely on the strength of domestic demand.

However, the underlying data suggested that the Polish economy might not be able to continue defying gravity for much longer.

Poland: Central Statistical Office (GUS): Press Release, 31.5.12: Preliminary estimate of gross domestic product in the 1st quarter of 2012 and revised quarterly GDP data for 2010 – 2011 http://www.stat.gov.pl/gus/5840_4403_ENG_HTML.htm

Poland: Central Statistical Office (GUS): Information on socio-economic situation of the country in April of 2012 http://www.stat.gov.pl/cps/rde/xbcr/gus/as_info_socio_econo_situ_country_04m_2012.pdf

Polskie Radio, 31.5.12: Economic growth sluggish in Q1 2012 http://www.thenews.pl/1/12/Artykul/101315,Economic-growth-sluggish-in-Q1-2012

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