Poland's economy grew by an unexpectedly strong 3.5 per cent in the second quarter; the country's statistical agency said on Monday, thanks in part to continuing strong exports to the rapidly rebounding German economy, as well as resilient domestic demand.The year-on-year growth rate, which has not been seasonally adjusted, comes in above the consensus of 3.2 per cent, and was stronger than the 3 per cent growth registered in the first quarter.The statistical agency said that the main driver of growth was domestic demand, which grew 3.9 per cent.Exports also accelerated showing a year-on-year growth of 17 per cent compared with 9.8 per cent in the first quarter. The result is due in part to a recent weakening of the Polish zloty against the euro and the dollar, and to surging exports, particularly to Germany, the destination of a quarter of Polish exports.
The year-on-year growth rate, which has not been seasonally adjusted, comes in above the consensus of 3.2 per cent, and was stronger than the 3 per cent growth registered in the first quarter.
The statistical agency said that the main driver of growth was domestic demand, which grew 3.9 per cent.
Exports also accelerated showing a year-on-year growth of 17 per cent compared with 9.8 per cent in the first quarter. The result is due in part to a recent weakening of the Polish zloty against the euro and the dollar, and to surging exports, particularly to Germany, the destination of a quarter of Polish exports.
surging exports, particularly to Germany, the destination of a quarter of Polish exports.
are these raw materials, which german industries add value to?
is poland's consumer growth mostly buying german finished goods? ~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~
