During the first quarter of the year, the Polish economy grew at a year-over-year rate of 5.20%, 0.30 p.p. higher than in the previous quarter. The growth rate of domestic demand rose to 6.80%. As for the labor market, the unemployment rate fell to 4.20%, and the year-over-year growth rate of employment slowed with respect to the fourth quarter of 2017, reaching 2.90%. The zloty appreciated against the euro, recording an exchange rate of 4.18 PLN/€. Finally, inflation fell to 1.53%.
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