Donald Tusk: “We're going for growth records”
Prime Minister Donald Tusk thanked on Thursday, May 1 on the holiday Work hard -working Polish and Poles. “It's your holiday. And this Thanks to you, we have a breakthrough” – he added in the post on the X.” according to the latest Data America is fighting the spectrum of recession, Germany and France are enjoying the results near zero, and we are going for growth records ” – he emphasized.
The latest data from Germany and France
The US economy has shrunk In the first quarter by 0.3 percent (in an annualized approach) For the first time in three years. According to the American Bureau of Economic Analysis, the reason for the inheritance was the increased import and reduction of government expenditure, although Donald Trump indicated his predecessor, Joe Biden as guilty. We write more on this subject in the following linked text:
German GDP In the first quarter of 2025 he passed an increase of 0.2 percent In the account of the quarter to the quarter, but fell by 0.4 percent. Compared to the first quarter of 2024. Inflation in April according to preliminary data fell to 2.1 percent year on year (compared to 2.2 percent in March), but increased in the account of month to month to 0.4 percent. (against 0.3 percent in March). It also occurred decrease in retail sales (by 0.2 percent month to month). “It is bad in a German state. However, the good news is that the voted stimulus will stimulate economic growth in the future,” commented macronext.pl, referring to hundreds of billions of euros, which Germany intends to spend on infrastructure and defense.
Whereas French GDP In the first quarter of 2025 increased by 0.1 percent In the account of the quarter to the quarter (in the fourth quarter of 2024 there was a decrease of 0.1 percent) from the preliminary data that French Inflation was 0.8 percent year on year.
The latest data from Poland and forecasts
We do not have data from the Polish economy for the first quarter – the preliminary GUS reading will serve on May 15. We know that in the fourth quarter of 2024. Polish GDP increased by 3.4 percent year on year. In the whole of 2025, our GDP It is expected to increase from 3.3 to 4 percent. (according to forecasts of various economists). However, according to the report on the implementation of the budget and structural plan adopted by the Council, the Polish GDP growth in 2025 will be 3.7 percent (not 3.9 percent, as indicated in the budget for this year).
On the other hand inflation in April fell to 4.2 percent. year on year (compared to 4.9 percent in March) – GUS recently informed. This is the lowest level of inflation since July last year. On the other hand, in a monthly basis, the prices of consumer goods and services increased in March by 0.4 percent.
Read also: “Donald Tusk burned out: 'Poland will be the strongest economy in the region'. Is a plan of 'Piast doctrine'“.
Sources: Donald Tusk (X), macronext.pl (X), Reuters agency (data from Germany), Reuters agency (data from France), Central, Ministry of Finance, Economists of mBank (X)