Poland’s economic growth is expected to reach 3.2 percent for the first quarter of 2014, according to deputy prime minister Janusz Piechociński. Basing his comments on a new report from the Ministry of Economy, he said private consumption would jump 2.4 percent while investments could see as much as 4 percent growth. Polish exports should expand by 6 percent, said Piechociński. If the predictions come off, it would suggest 3.5 percent GDP growth for 2014.
“What we’re looking at at the moment [in Q1 2014] is a strong base effect, as the country’s slowdown hit bottom in the first quarter of 2013,” claims Piechociński. “Since then we’ve been witnessing stable recovery from Poland’s economy in all sectors.” He points out that this includes also Poland’s construction sector which showed the first signs of recovery in Q1 this year. “We also see the Poland’s labor market picking up slightly in Q1 2013,” he added.
