May 30, 2009

Poland GDP rises 0.8 pct. in Q1

Poland's statistics office said the gross domestic product rose 0.8 percent in the first three months this year, a rare success among European Union countries.

Despite this success, the Polish economy slowed down its growth rate, which hit 2.5 percent in the last quarter of 2008, documents showed.

Maciej Krzak, editor of the economic think tank CASE's quarterly report, said Poland has a strong domestic market and therefore is not exposed to foreign markets as are some smaller countries, the Polish Web site reported Saturday.

The Polish Finance Ministry recently estimated the GDP growth for all of 2009 will be about 1 percent.