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An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Poland is experiencing its first recession since the end of the communist era more than three decades ago, an estimate by Poland's statistics office showed on Friday. The economy shrank by 8.9 percent in the second quarter because of the effects of the coronavirus lockdown, after a contraction of 0.4 percent in the first quarter. Recession is defined two consecutive quarters of contraction. Poland was the only European Union member state to avoid recession during the global financial crisis of 2008 and 2009, and has enjoyed healthy growth rates until now. Gross domestic product grew by 4.1 percent in 2019, slightly lower than the 5.3 percent rate in 2018. The economy "should recover" in the next quarters, the Polish Economic Institute, an independent research centre, was quoted by PAP news agency as saying. The government is forecasting 3.4 percent contraction this year, down from a previous prognosis of 3.7 percent growth. The European Commission forecast in May that the Polish economy would shrink by 4.3 percent overall in 2020 and bounce back with 4.1 percent expansion in 2021. dt/spm
schema:headline	Poland in first recession since communist era: official data
schema:mentions	Polish language Great Recession European Commission Recession Gross domestic product Lockdown United States Severe acute respiratory syndrome coronavirus 2 Polish Press Agency Economic forecasting Prognosis
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-14 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	56 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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