Today, the Polish Statistical Office has published the economic data for 2012.
After a growth rate of 4.3% in 2011, the economic growth has
flattened significantly. Last year, the economic growth rate came at
2.0%. Economists expect Poland´s economy to slow down further. According
to IMF, the growth rate will reach 1.5% this year. The Polish
government predicts a growth rate of 2.2%.
Above all, domestic demand stagnated last year. In 2011, domestic
demand increased by 3.4% in real terms. Last year, the growth rate only
was 0.1%. For the first time since 1993, real wages were down in 2012.
Gross wages moved up by 4.3%. Investments were up by 0.6%. The labor
productivity improved by 2.0% in 2012.
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