Friday, May 29, 2015

Mateusz Szczurek: “Poland is one of the fastest growing … – Money.pl

2015-05-29 14:58

Author: (LUK) (PAP)

Mateusz Szczurek: & quot; Poland is one of the fastest growing economies in the EU & quot;

Mateusz Szczurek, Minister of Finance [Photo: Newseria]

– Poland is one of the fastest growing economies in the European Union – said Mateusz Szczurek finance minister in the commentary to Friday’s data from the Central Statistical Office.

GUS today informed that the Polish economy grew in the first quarter of 3.6 percent compared to the same period last year. This is the best quarter since 2012. According to the CSO in the first three months of this year they increased investments in companies – by 11.4 percent. At the same time by 2.6 percent y / y increased domestic demand. That’s about two times slower than the fourth quarter of last year.

– Preliminary data on GDP in the EU showed that GDP in the EU grew by 0.4 percent. (Qoq, seasonally adjusted), ie. As much as a quarter earlier, while the euro zone by 0.4 per cent., Against 0.3 per cent. in the fourth quarter of last year. The data were in line with recent forecasts from the European Commission. Out of 25 countries for which data are available, the decline in GDP (…) recorded four; Estonia, Lithuania, Greece and Finland – in the latter two cases, it was the second drop in a row – Mateusz Szczurek wrote in a commentary.

– In the group of 25 countries for which data are available, Poland is one of the the fastest growing economies in the EU – emphasized Minister of Finance. He added that in the first quarter, if we accept comparisons annual growth rate calculated on seasonally adjusted data – Poland reached third, after Romania (4.2 percent.) And the Czech Republic (4.2 percent.), Rate of growth.

He pointed out that the analysis of trends in the different GDP components shows that the first quarter growth accelerated investment and consumption in the household sector.

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He pointed out that investments are on the path of high growth – like GDP – from the second quarter of 2013., and private consumption in the fourth quarter of 2013. In addition, the high growth rate in the first quarter of 2015. continued export.

The economic development of Polish foreign experts praise too. In a report published this week by the Boston Consulting Group, economists indicate that Poland is best in the world copes with translating economic growth to improve the quality of life.

– In our report we show that Poland is reflected best in the world economic growth to improve the quality of life of citizens – said in an interview with Money.pl Douglas Beal with BCG, co-author of the report. He pointed out that Poland in recent years has made considerable progress, if it comes, among others, for the construction of civil society, as well as in the development of education.

Authors ranking note that considerable achievement is the decline in unemployment. They add, however, that was not without significance in this case emigration after joining the European Union, which led to the fact that currently, eg. In the British Isles population of over 800 thousand Poles. Poland also appreciated for having achieved good economic results, while improving the level of environmental protection. Usually, these two things do not go hand in hand, which glaring example is China, which economy at the expense of pollution dispersed by nature.

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