Macroeconomic situation in Poland


2013 proved to be another year of economic slowdown in Poland. According to preliminary estimates, in real terms Polish GDP grew by 1.6% over 2012, which is the lowest growth rate since 2009. This was chiefly attributable to weaker domestic demand, a fractional increase in sold industrial output and lower construction output. At the same time, inflation was visibly down to 0.9%.

The economic slowdown in Poland in 2013 is expected to be accompanied by higher unemployment. According to market estimates, the unemployment rate as at the end of 2013 was 13.4% and remained unchanged relative to the end of 2012. In 2013, salaries and wages in manufacturing were up nearly 3% compared with 2012.