“Poland’s economy slowed more than economists forecast in the third quarter as export gains failed to offset weaker consumer spending, boosting expectations for an interest-rate cut next week.
Gross domestic product climbed 1.4 percent from a year earlier, which was the slowest pace since the second quarter of 2009 and compared with a 2.3 percent increase in the previous three months, the Warsaw-based Central Statistics Office said today. Economists expected a 1.8 percent increase, according to the median of 35 estimates in a Bloomberg survey. GDP rose a seasonally adjusted 0.4 percent from the previous quarter.
Poland, the only economy in the 27-nation European Union to keep expanding through the global slump in 2009, is battling to avoid its first recession of the post-communist era. Prime Minister Donald Tusk has eased his deficit goals for this year and next to maintain growth, while the central bank reduced its main rate this month for the first time in three years.”
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