Polish economy accelerates

Commentary by Mariusz Zielonka, chief economist of Leviathan

The fast GDP estimation for the 3rd 4th of 2025 showed that our economy is accelerating. This is at the same time a confirmation of the information that has come to us from the economy in each period – unchangeable consumption, amazingly good production, including reconstruction of exports. The increase was 3.7% per year and unchangeable 0.8% in relation to the past 4th (seasonally adjusted). As usual, preliminaries do not abound in detail, but we can inactive suspectthat consumption, supported by investments, remains the main driver of our GDP. Given the persistent geopolitical unrest, stocks have most likely contributed to the outcome.

Interestingly, economical growth in the 3rd 4th – 3.7%, this time is perfectly consistent with the Ministry of Finance forecast (3.7%). Let us remind that the reading from the second 4th (3.4% y/y) was closer to the European Commission's forecast (3.4%). Regardless of these nuances, the latest data does not change the fact that Poland remains at the forefront of the most increasing economies of the European Union.

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