GUS confirmed Wednesday previous respect on GDP in the third quarter of this year, which niewyrównany seasonal calculated in constant prices średniorocznych previous year increased really at 2.5 percent. rdr. The statistical office also submitted the structure of economic growth in the third quarter of this year.
- GDP Growth at 2.5 percent. in the third quarter of 2016. it is part of pan-European trends. In Germany, GDP fell the most. In Romania, Hungary, Czech Republic and Slovakia have fallen even faster than in Poland, he said Morawiecki.
Said that the Polish economy is an open, heavily dependent on international trade. – If our partner happens worse, it also sits a little export – noticed.
“local Authorities, refraining from investment”
GUS data also implies that investment in the third quarter decreased by 7.7 percent. rdr.
Matthew Morawiecki pointed out that the second cause is the fall in investment, in particular, local government. – Local authorities, refraining from investments, keeping in mind largely the calendar of elections, he said. He added that the government is trying to encourage them to invest.
- I Think that in the second quarter of next year we will see the reflection of the investments, is also based on EU investments, but not only, he said.
- I am an optimist, if we are talking about private investment. Download, in the end, too many new investments of Polish and foreign. So here we create a new quality of economic – said Morawiecki.
according to the data of CSB, in the third quarter of this year, domestic demand rose 2.9 percent. rdr, after rising 2.2 percent. rdr in the second quarter of this year, individual Consumption of households increased by 3.9 percent. rdr and investment in the third quarter of this year decreased by 7.7 percent. rdr.
at the same time, GUS also pointed out that in the third quarter of this year, GDP seasonally (in constant prices reference year 2010) actually rose 0.2 percent. compared to the previous quarter and was higher than prior year by 2.2 percent.
Office reviewed additionally, on Wednesday, the GDP growth in the fourth quarter of 2015 to 4.6 percent. with 4.3 percent. and retained the respect of growth in the first kW. the current year at the level of 3.0 percent. in another kW. 2016, at 3.1 percent.
GDP Growth is based mainly for consumption
GDP Growth is mainly based on consumption, the decline in investment in the third quarter of this year, the biggest since the beginning of 2010. says Pekao SA economist Adam Antoniak. In his view, more rapid GDP growth, has no chance, if the investment will not go.
- the Annual GDP growth rate decreases systematically from the beginning of the year and in the third quarter of 2016 was the lowest of three years. Disappointing economic indicators are mainly associated with lower investment, which are so rapidly reduced recently, in early 2010. The structure of growth indicates his weakness, confessed economist at the Pekao SA.
- Nearly half of the annual rate of GDP growth (of 1.1%. percent). came from changes in stock status. Despite a deep fall of investment, trade turnover with foreign countries had a negative contribution to the change in GDP. The growth is based mostly only on consumption, both private and public, he added.
Helps the Family 500+
in His opinion, the positive momentum of the programme Family 500+ expires in the second quarter of 2017. “If before that time will not come clear reflection of the investment, it will be hard on the acceleration of GDP growth. According to our estimates, in the fourth quarter of 2016. the annual GDP growth rate will decrease in the neighborhood of 2%., and in the whole year economic growth will amount to 2.5-2.7 percent.” – the economist thinks.
according to the data of CSB, in the third quarter of this year, domestic demand rose 2.9 percent. rdr, after rising 2.2 percent. rdr in the second quarter of this year.
individual Consumption of households increased by 3.9 percent. rdr. According to Antoniaka it was the highest since the first quarter of 2009.
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