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The Warsaw Voice » Business » August 18, 2017
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Economy on stable course
August 18, 2017   
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The Polish economy may expand by over 4% in H2 2017, with consumption growth rate falling below 4% but investments rising by over 6%, ING BSK economist Jakub Rybacki forecasts as cited by the daily Parkiet.
Poland's GDP growth in Q2 measured 3.9%, stats office GUS estimated Wednesday. Investments likely grew in Q2 for the first time since Q4 2015. Economists who correctly predicted the headline GDP growth put the investments growth at 2.7% year on year, Parkiet writes.
The seasonally adjusted GDP growth measured 4.4% year on year, the strongest rate since Q4 2011 but lower than in the Czech Republic or Romania, mBank economists noted.
The economy is not showing signs of overheating, supporting the interest rate stability mantra of the rate council, in their view.
The Wednesday data were appreciated by the FX market, as the zloty gained to the euro.
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