Polish Economic Growth Beats Economists’ Forecast

Nov. 30 (Bloomberg) -- Poland’s economy grew more than economists expected last quarter after companies rebuilt inventories and exporters benefited from renewed demand from Germany, the country’s main trading partner.

Gross domestic product in eastern Europe’s biggest economy grew 1.7 percent in the three months through September, compared with 1.1 percent in the second quarter, the Central Statistical Office in Warsaw said in a preliminary report today. The median estimate of 21 economists in a Bloomberg survey was for 1.5 percent growth.

“Poland is clearly in recovery mode,” said Radoslaw Bodys, an economist at Bank of America Merrill Lynch Global Research. “Poland is a closed economy, which makes it more reliant on domestic demand, which means more resilient. And we’re also seeing recovery in the euro zone, as well as re-stocking.”
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