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The Warsaw Voice » Business » November 16, 2017
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GDP growth driven by investments
November 16, 2017   
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Poland's GDP growth has finally started being fueled by investments which grew by ca. 5-6% y/y in Q3, ING BSK chief economist Rafal Benecki tells the daily Rzeczpospolita.
Only public investments have accelerated, however, a fact that does not bode well for the future as more and more tenders are ending in a fiasco due to the increasing labor shortage harassing potential contractors, chief economist of employers' lobby KP Lewiatan Malgorzata Starczewska-Krzysztoszek warns.
There is still a chance for a rebound in the private investment activity, necessary for satisfying the growing consumer demand and maintaining the present export dynamics, the expert adds.
Export has recently become an important pillar of Poland's GDP growth, the national development bank BGK's economist Piotr Dmitrowski concurs. Poland's foreign trade surplus is perfectly in line with the hefty growth of the German economy, the biggest recipient of Polish exports, Dmitrowski explains.
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