the Economy is in the worst condition of three years. Unofficial estimates of the Ministry of Finance, GDP growth in the fourth quarter will slow down just 1.8%, although a moment later to begin to rapidly accelerate.
As stated in the Thursday edition of the “Journal Legal Newspaper”, the Ministry of Finance predicts that in the fourth quarter, the annual pace of GDP growth may be lower than that recorded in the third quarter, when it amounted to 2.5 percent.
According to the newspaper however that now surrounded the Vice-Prime Minister Matthew Morawieckiego preparation option is much more pesymistycznego, which suggests that the economy will grow slower than the rate of 1.8% per year. The magazine writes that the reason for this state of Affairs is mainly the decline in investment. The poles slowing down until you feel due to wage growth and lower unemployment.
the Newspaper notes that perhaps this is a temporary slowdown, and since the first quarter of 2017, the economy will again begin to accelerate. Can help program is the “Family 500 plus”, which will start the consumption and fast results of EU funds. Economists cytowani through the magazine, I think this scenario is all too real.
GDP in the fourth quarter accelerated compared to the third quarter, mainly due to admission in private – this information was reported a week ago, the Ministry of Development, by the way, the publication of GDP data for the third sq..
“According to the Ministry of economic development, the growth rate in the last quarter 2016. should slightly accelerate, mainly due to accelerate the pace of personal consumption. Gradually spawn invest where the rate of decline should slow down in the last quarter of 2016.” wrote resort in response to the query poselską.
Mr. expects that the expected slowdown in economic growth in 2016. will be mainly caused by the slowdown of investment, including delays in implementation of projects from a new point of view financial.
“Confirm this data relating to capital expenditure, in particular, expenditure in the public sector, mainly local government. local governments, refraining from investment calendar of local elections. Investments in this sector should therefore begin at the turn of 2017-18. According to the Ministry of economic development, the structure economic growth remains favorable and suggests persistent the development of the Polish economy”, said.
Brake Polish GDP almost as freely as in the “old Union”
In the third quarter of this year, the difference between the rate of development of Poland and the “old European” fell to the lowest level in history. The leader of growth was Romania.
IAR/md/dyd (REUTERS) – map/ Osh/
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