According to the data released today by the Central Statistical Office of Poland (GUS), the country’s economy grew 3.5% in the second quarter of 2010.

Polish economy grew faster than predicted by market analysts who expected the GDP to expand 3.2 in Q2 2010. This proves that Poland is still among the fastest developing countries in the EU.

The main contributor to GDP was domestic demand whose impact on GDP growth was 3.8 percentage points. The impact of total consumption expenditure and gross capital formation amounted to 2.2 and 1.6 percentage points, respectively (with negative impact of gross fixed capital formation of -0.3 percentage points and positive impact of changes in inventories of 1.9 percentage points). The negative impact of foreign demand (net exports) amounted to -0.3 percentage points, the release reads.