first quarter. 2015. GDP grew in real terms by 3.6 percent. yoy, an improvement of real dynamics by 0.1 percentage point. compared to the rapid GUS estimates, published in mid-May. – He informed the Central Statistical Office. Experts estimate that in the whole of 2015. GDP growth will be 3.8 percent.
GUS also reported that in the first quarter. 2015. investment demand grew by 11.4 per cent. year to year, and domestic demand grew by 2.6 per cent. year on year. The increase in domestic demand – as pointed out by the Central Statistical Office – was, however, slower than in the fourth quarter of 2014. “This development reflects a slight decrease in the accumulation and lower than the fourth quarter last year growth in total consumption, which amounted to 3.1 per cent. To 3.8 per cent . At the same rate (3.1 percent.) growing consumption in the household sector “- according to the information.
The CSO noted the high rate of growth in investment demand – by 11.4 percent. “As a result of the positive impact on the pace of domestic demand growth was 2.5 pct. To 4.8 pct. In the fourth quarter of 2014.” – He stressed.
For the first time since the fourth quarter of 2013. Contribution of net exports to GDP growth was positive and amounted to 1.1 percentage points. – Informed the Central Statistical Office.
According to a main Postbank economist Monika Kurtek final estimate of GDP in the first three months of this year. confirmed the acceleration in the growth of the Polish economy during this period. “The scale of the acceleration turned out to be even slightly higher than originally calculated. We also proved a decent GDP growth structure. As expected, slightly faster than in the fourth quarter of the previous year rising household consumption, also accelerated investments, although in this case the scale of the acceleration was even impressive “- noted jackets. She pointed out that investments grow at double-digit rates for the first time in four quarters, turned positive contribution of net exports to economic growth. It was possible – in her opinion – mainly by speeding up exports, despite the Russian embargo still in force, imposed last year on Polish food.
“Disputes negative contribution to growth was observed on the side of stocks, but paradoxically This positive news. Stocks are likely because the company rebuilt in the coming months and thus their impact on GDP will be positive in the coming quarters “- assessed chief economist Postbank.
Kurtek estimates that in the second quarter. economic growth will likely be similar to that in the first quarter. “In the second half of the year, when the character will become clearer recovery in the euro zone and at the same time carousel spin up a new EU funds, has a chance to reach 4 percent. Year to year or even above. In the whole of 2015. GDP growth, thus exceeding 3.6 per cent., and it seems very likely that it will reach 3.8 percent “- she pointed out.
Friday GUS data on GDP – according to the chief economist of Bank Gospodarstwa Krajowego Tomasz Kaczor – confirm the good prospects for the following quarters. “The main fuel economies were in the first months of the year investments whose growth was up 11.4 per cent. Year-on-year. This means that companies are aware that the current production capacity may soon not be enough to meet the growing demand”, – he stressed.
BGK chief economist also noted that private consumption grew at a rate slightly higher than that of the previous quarter. “The consistent improvement in labor market conditions plus low inflation, increasing the purchasing power of wages and salaries are the key causes and allow you to have expectations to accelerate later in the year” – he assessed.
The Polish company – by Duck – good use improving in the zone euro. He predicts that in the whole of 2015. GDP growth will be 3.8 per cent 3,7. year on year. (PAP)
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