Powered by a record low borrowing cost, investment and increased consumer spend has propelled Poland to an enviable status amongst European Union’s largest post-communist members.
The central statistical office in Warsaw identified a welcome leap from 2.7% to 3.3% in GDP growth over the same 3 month period compared to the previous year. These numbers exceed the median 3.1% estimates provided by economist across the region.
This signals that Poland is set to outperform its pairs in the region for the rest of 2014 and into 2015 considering its policy makers have promised to keep the key driver which is reduced borrowing cost low till at least the end of 2014 third quarter.
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