During the fourth quarter of the year, the Polish economy registered a 5% y/y GDP growth rate, decelerating by 0.10 p.p. compared to previous period, mainly due to the lower growth of domestic demand, falling to 4.80%. In the labor market, the unemployment rate kept constant compared to 3Q18, showing a rate of 3.80%; while the y/y growth rate of employment decelerated by 0.10 p.p. to 2.60%. The zloty depreciated against the euro during the last quarter of 2018, with the exchange rate standing at 4.31 PLN/€, 0.03 PLN/€ higher than the one registered in 3Q18.
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