Poland’s economy grows 0.8% in Q2, outperforming amid US tariffs

Published 13/08/2025, 09:34
Poland’s economy grows 0.8% in Q2, outperforming amid US tariffs

Investing.com -- Poland’s economy grew by 0.8% quarter-on-quarter in the second quarter of 2025, slightly below consensus expectations of 1.0% but maintaining solid momentum.

The Q2 growth follows a 0.7% expansion in the first quarter, indicating continued economic strength despite external pressures.

While the release did not include a detailed breakdown, monthly activity data showed particularly strong retail sales growth of 2.5% quarter-on-quarter, suggesting consumer spending remains a key driver of economic activity.

Industrial production also showed resilience with 1.0% quarterly growth, indicating limited impact from US tariffs so far. This comes as the United States recently increased its baseline tariff on goods imports from the EU from 10% to 15%, effective August 7.

Analysts note that Poland’s economy is likely to remain resilient despite these tariff increases due to its low export dependence on the US market. The country continues to benefit from substantial EU fund inflows and strong income growth.

Poland is expected to be among the best-performing economies in the European Union this year, with forecasts maintaining 3.0% growth for 2025 as a whole.

The robust economic performance, combined with stronger-than-expected inflation data for July, suggests the Polish central bank may maintain its current pace of monetary easing rather than accelerating it.

Policymakers are expected to deliver another 25 basis point interest rate cut at their meeting on September 3.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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