According to Eurostat statistics, gross domestic product (GDP) in the European Union in the second quarter of 2019 amounted to 1.4 percent. However, in Poland, GDP amounted to 4.2%. This is one of the better results among European countries. Only Ireland, Hungary, Malta and Romania have better results than Poland’s GDP dynamics. Meanwhile, Germany and Italy, whose economy has fallen into recession, have to face problems.
Predictions show that our country would maintain its GDP rate above 4 percent. 4 percent in the budget for next year are conservative estimates, and GDP in 2020 may grow even three times faster than in the entire European Union. Polish economy is stable and still growing. Although consumption still has over 60% participation in our growth, the factor related to investment expenditure increases. Gross domestic product (GDP) is currently the most popular measure of the effects of the society’s work. GDP, according to the simplest definition, measures society’s production. Determines the value of all goods and services produced by residents of a given country and foreign entities present in that country,
In the third quarter of 2019 GDP go up by 0,3% and employment up by 0,1% in European Union Euro area. In European Union countries (EU-28) GDP up by 0,3 % and employment was unchanged compared to previous quarter. If we will compare with the same quarter of the previous year, GDP rose by 1.2 % in the euro area and by 1.4 % in the EU-28.