In the fourth quarter, GDP grew by 3.9 percent. – Interia

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GDP calculated in constant prices of the previous year increased in real terms in the fourth quarter of last year by 3 , 9 percent. year on year, against an increase of 3.5 percent. in the third quarter – said on Friday the Central Statistical Office in the so-called. a quick estimate of GDP.

The data is slightly better than expectations of economists, who had expected the so-called. market consensus GDP growth in the last quarter by 3.8 percent. At the same time the Central Statistical Office reported that in the fourth quarter of 2015. Seasonally adjusted GDP (constant prices, reference year 2010) increased in real terms by 1.1 percent. compared with the previous quarter and was higher than the previous year by 3.6 percent.

– This result shows that the economy is developing in a sustainable way, close to its potential – is not overheating, but no reserves and . Such are the possibilities of the economy “- so the data commented on Friday the president of the Central Statistical Office Janusz Witkowski.” We are entering the 2016 year a certain trend. There is a chance that these trends may well be a positive impact on the result of 2016 years – he added.

Maria Jeznach, director of the Department of National Accounts said that the result for the entire 2015 years at 3.6 per cent. will be maintained. – This is a strong 3.9 percent., Is unlikely to go down. Have converted a whole year and taking into account the result of the fourth quarter, the result for 2015 is likely to remain at 3.6 percent. – She said.

Economists Raiffeisen Polbank pointed out that the GDP figures for the fourth quarter of 2015. Is the best result since the end of 2011. – Although information about the structure of economic growth will be announced at the end of the month, estimates full-year result suggest that in the fourth quarter, the main engine of economic growth remained private consumption (bringing about 1.6 pct. of the recorded growth), and ranked second investment (with a contribution of about 1.4 percentage points.) – assessed in the commentary economists.

According to a source of accelerated growth compared to previous quarters of 2015. was a recovery in public spending and a positive contribution from inventories, which for the first three quarters, “uszczuplały ‘economic growth.

– the data show that the end of the year was the best period in terms of GDP growth, although the source of the recovery is difficult to treat as permanent. Consequently, still we think that in the first quarter of 2016, economic growth will slow to around 3.4 percent. yoy, and assumed we re-acceleration in the second half of the year will result from the strong upsurge in consumption stimulus in the form of implementation of the 500 plus – summed economists Raiffeisen Polbank.

According to earlier data, the CSO in the first quarter of last year, GDP grew by 3.7 percent., in the second quarter growth was 3.3 per cent., and in the third quarter of Poland’s economy grew by 3.5 percent. At the end of January. GUS in a preliminary estimate that the Polish economy in the whole of 2015. Grew by 3.6 percent.

Earlier we wrote:

Poland’s economy is growing faster than experts thought. With estimates of the Central Statistical Office show that GDP grew last year by 3.6 percent compared to 3.3 percent in 2014.

Main Postbank economist Monika Kurtek emphasizes that estimates are better than expected experts. Expectations stood at 3.5 percent. The data is also better than in 2014, when the economy grew 3.3 percent. Monika Kurtek explains that the Polish economy helped among other things, the tendency of Poles to spend money. More than 3-percent increase in consumption is due to improve the situation on the labor market and deflation. Last year also increased inwestycje.Ekonomistka predicts that economic growth will continue to accelerate slightly. According to her, this year, Poland’s GDP may grow by 3.8 percent.

The chief economist of Bank Millennium Grzegorz Maliszewski stresses that the data is better than expected, but you can not talk about the surprise. According to him, in the fourth quarter of last year, GDP growth rate, calculated on an annual basis, it could come closer to 4 percent. Pillar of growth was domestic demand. As for private consumption and business investment. According to the caller Radio Information Agency, in the near future economy will not slow down. This year’s GDP growth may be similar to the one we know today. According to the economist, the economy in the near future will drive spending Poles. Play a smaller role investment companies.

According to the analyst of Dom Maklerski BOŚ Bank Lukasz Bugaj, the past year can be considered successful. “A little investment decreased, but they still were at a satisfactory level, we can say that this growth was balanced,” – said the analyst. Notes that accelerated domestic consumption and the individual, which meant that growth was slightly better than a year earlier. Jendnak in the opinion of analysts, this year the magic barrier GDP growth of 4 percent probably still not break through, among other things, due to the difficult external situation. (IAR)

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Poland’s economic growth accelerates – says Deputy Prime Minister, Mateusz Morawiecki the day before the publication of the Central Statistical Office.

Development Minister Mateusz Morawiecki expects good data. In his opinion, last year the economy grew slightly faster than 3.5 percent. In 2016, economic growth, according to Matthew Morawiecki, may reach 3.7 – 3.8 percent. That’s as much as assumed in this year’s state budget. (IAR)

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The assumptions of the budget for 2016 may be too prohibitive – says economist Jaroslaw Janecki. The document recorded among other things, an increase in GDP of 3.8 percent, the average annual inflation of 1.7 percent and a budget deficit no higher than 54.7 billion dollars.

The chief economist of the bank Societe Generale predicts Jaroslaw Janecki that macroeconomic indicators turn out to be other than budgeted. According to him, GDP growth will be lower, the average inflation rate will not exceed 1 percent, while the increase in wages will be higher than the assumed 3.6 percent.

The expert adds, however, that even lower tax revenues do not necessarily mean trouble, because the minister finance can give up part of the expenses that are not rigidly defined in the budget.

the government also assumes that this year’s public sector deficit will be below 3 percent of GDP. (IAR)