Polish Economy Expands 4.9% In 2022

RTTNews | 960天前
Polish Economy Expands 4.9% In 2022

(RTTNews) - The Polish economy expanded during the year 2022 amid a solid increase in domestic demand and investments, though at a slower pace compared to the previous year, flash data from Statistics Poland showed on Monday.

Gross domestic product advanced 4.9 percent in 2022 versus a 6.8 percent rise in 2021.

The overall GDP growth in 2022 was largely driven by a 5.5 percent increase in domestic demand. Nonetheless, this was much slower than the 8.4 percent gain in the preceding year.

On the other expenditure components, household consumption grew 3.0 percent versus a 6.3 percent rise in 2021, while the growth in gross fixed capital formation accelerated to 4.6 percent from 2.1 percent.

Total consumption in 2022 increased by 2.14 percent in real terms, including consumption in the farm sector by 3.0 percent, the agency said.

"The 4.9 percent increase in Polish GDP over 2022 as a whole is consistent with a slowdown in growth to around 1.6 percent annually in the fourth quarter, and a small quarterly decline in output of around 0.5 percent, confirming that the economy slumped towards the end of the year," Nicholas Farr, an economist at Capital Economics, said.

"We think a further mild contraction is likely at the start of this year and our GDP forecast for 2023 of 0.0% is below consensus."

read more
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices data from the UK is the top economic news due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK inflation data for August. Economists forecast consumer price inflation to remain unchanged at 3.8 percent.
RTTNews | 2小時46分鐘前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Wednesday, reversing the gains in the previous session, with the benchmark S&P/ASX 200 falling well below the 8,850 level, following the broadly negative cues from Wall Street overnight, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | 3小時9分鐘前
Asian Markets Track Global Markets Lower

Asian Markets Track Global Markets Lower

Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from global markets overnight, as traders fear the widely expected interest rate cut of a quarter point by the US Fed later in the day will be too little after recent US jobs and inflation numbers. They remain cautious and are reluctant to make significant moves ahead of the announcement.
RTTNews | 3小時12分鐘前
Lower Open Called For Thai Stock Market

Lower Open Called For Thai Stock Market

The Thai stock market has moved higher in eight straight sessions, adding almost 55 points or 4.5 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,310-point plateau although it may be stuck in neutral on Wednesday.
RTTNews | 4小時46分鐘前
Indonesia Bourse May Run Out Of Steam On Wednesday

Indonesia Bourse May Run Out Of Steam On Wednesday

The Indonesia stock market has moved higher in six straight sessions, advancing more than 320 points or 4.3 percent in that span. The Jakarta Composite Index now rests just beneath the 7,960-point plateau although the rally may stall on Wednesday.
RTTNews | 5小時16分鐘前