Monday, 22 April 2013

A Little Less Greener

The Polish Statistics Agency (GUS) has revised downwards its previous calculations for economic growth in the 4th quarter of 2012, from 1.1% to 0.7%. This means that the Polish economy grew by 1.9% (instead of 2.0%) in 2012. 

The major reason for this revision was that investment was found to have declined by 4.1% during the 4 quarter after previously calculating that it had fallen by just 0.3%. 

This increased decline in the rate of investment is the major reason for the slowdown in the Polish economy after the public investement led growth during the run up to Euro2012.

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