Polish GDP Grows at Fastest Pace Since 2008 on Investments

 Poland’s economy expanded at the quickest pace in three years in 2011 as companies boosted investment and a weakening zloty buoyed exports.

Gross domestic product rose 4.3 percent from a year earlier, compared with a revised 3.9 percent in 2010, the Central Statistical Office in Warsaw said today. The median estimate of 27 economists surveyed by Bloomberg was 4.2 percent. The annual pace was the fastest since the economy grew 5.1 percent in 2008.

Poland’s economy, the largest of the European Union’s eastern states, was the only one in the 27-nation bloc to avoid a recession in 2009. EU funds improved infrastructure and modernized production, while a weaker zloty kept exports growing even as the euro area’s debt crisis damped demand in the country’s most important markets, including Germany.

Read more: http://www.businessweek.com/news/2012-01-27/polish-gdp-grows-at-fastest-pace-since-2008-on-investments.html