During the second quarter of the year, the Polish economy slowed by 0.19 p.p. its year-over-year rate to 4.50%. This was explained by the worse performance of the external sector. As for the labor market, the unemployment rate stood at 3.20% in the second quarter of 2019, falling 0.70 p.p. with respect to 1Q19. For its part, the year-over-year growth rate of employment decreased by 0.20 p.p. to 2.30%. The zloty appreciated against the euro in the second quarter of 2019, with the exchange rate at PLN 4.29/€, PLN 0.01/€ lower than in 1Q19.
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