FX.co ★ Poland Q1 GDP Growth Confirmed at 3.2%

In the first quarter of 2025, Poland's economy grew by 3.2% year-on-year, aligning with initial forecasts but slowing from a 3.4% increase observed in the fourth quarter of 2024. This deceleration in GDP growth can be attributed to a reduced rise in household consumption, which grew by 2.5% compared to 3.5% in the previous quarter, along with a negative impact from net trade. Nevertheless, this slowdown was somewhat counterbalanced by a robust recovery in gross fixed capital formation, which surged by 6.3% in contrast to a notable decline of 6.9% earlier. On a seasonally adjusted quarter-on-quarter basis, the economy expanded by 0.7% in the first quarter of 2025, consistent with initial projections and following a 1.4% increase in the preceding quarter.