Economy growth slowed down towards the end of the year.
Polish economy growth slowed to its weakest since 2013. According to Central Statistical Office GDP growth in the third quarter was 2,5%. Economists were expecting growth figures between 2,9 and 3%. Second quarter growth was still 3,1% – which was also the year to year growth in 2015. The slowdown in Q3 might also hit hard on governments 3,5% growth objectives for the full year.
Slowdown in economic growth is speculated to be due to lower level of investments, reduced EU aid and uncertainty in political situation.
Meanwhile zloty is also weakening against euro and other major currencies. PLN/EUR rate is at its lowest in six months – at the level of 4.43.