During the first quarter of the year, the Polish economy recorded a year-over-year GDP growth rate of 4.69%, a slowdown of 0.21 p.p. compared to the previous period, due to lower growth in domestic demand, to 4.16%. In the labor market, the unemployment rate stood at 3.90% in the first quarter of 2019, up by 0.10 p.p. from 4Q18. On the other hand, the year-over-year growth rate of employment decreased by 0.20 p.p. to 2.40%. The zloty appreciated against the euro in the first quarter of 2019, with the exchange rate at PLN 4.30/€, PLN 0.01/€ lower than in 4Q18.
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