Seasonally adjusted GDP growth rose by 1.9% y/y in Q1/2009 in Poland, according to preliminary data of the EU statistical office Eurostat. In this period, GDP went down by 4.5% in the annual term and by 4.8% in the euro-zone.In mid-May, Eurostat's estimations assumed the GDP's fall in the EU by 4.4% y/y, and in the euro-zone - by 4.6%. It did not present data for Poland. In Q4/2008, GDP fell by 2.4% y/y in the whole EU and in the euro-zone. In quarterly terms, in Q1/2009, GDP fall was 2.4% in the whole EU, and the euro-zone - 2.5% vs. 2.5% fall announced on May for both regions. In this view, the growth for Poland was 0.4%.

Eurostat published data from 20 countries of EU 27. The annual growth was posted only by Poland and Cyprus (by 1.6%) . The most dramatic falls were posted in Latvia (-18.6%), Estonia (-15.6%) and Lithuania (-11.8%). During the same period, GDP declined by 2.5% y/y in the United States, and by 9.1% y/y in Japan. Poland's Gross Domestic Product (GDP; seasonally unadjusted, fixed prices of annually average of the last year) increased by 0.8% y/y in Q1/2009 vs. 2.9% y/y in Q4/2008, the Central Statistical Office (GUS) said on Friday.

Source : Gowarsaw eu