The flash estimate of Poland’s gross domestic product (GDP) for the first quarter of 2025, seasonally adjusted and expressed in constant 2020 prices, showed a quarterly growth of 0.7%, significantly exceeding market expectations of 0.1%.
Meanwhile, the flash estimate of real, non-seasonally adjusted GDP (at constant average prices of the previous year) indicated a year-on-year increase of 3.2%, slightly above the market consensus of 3.1%. While this result is slightly below the 3.4% growth recorded in Q4 2024, it still reflects continued positive momentum in the Polish economy.
The preliminary release does not include a breakdown of GDP components—those details will be available in the final reading due in early June.
Overall, the data offers a symbolic but meaningful upside surprise, especially in a period marked by high uncertainty and the negative global economic impact of U.S. trade tariffs.
Author: Jan Karczewski, Director of Strategic Clients, Michael / Ström Brokerage House
Source: CEO.com.pl – Q1 2025 GDP Above Forecasts: Polish Economy Keeps Growing
