Polish economy shrinks 2.8% in Q4 2020: flash estimate

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(The Polskie Radio)

The Polish economy contracted 2.8 percent in the final quarter of last year, the country’s Central Statistical Office (GUS) said on Friday in a flash estimate.

Economists polled by state news agency PAP had expected a drop of 3 percent amid the coronavirus crisis.

The state-run statistics agency has previously reported that Polish GDP fell by 1.5 percent in the third quarter of last year, after shrinking 8.4 percent in the second quarter.

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