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The Warsaw Voice » Business » February 1, 2018
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Economists on GDP growth
February 1, 2018   
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Poland's GDP growth possibly hit 5.2% year on year in Q4 and has finally been fueled by investments, seen by economists as rising by as much as 11.8% year on year, major dailies report after stats office GUS released preliminary 2017 GDP growth data.
Investments could have added ca. 2.9 pps to Q4 GDP growth, beating household consumption with its 2.4 pps contribution, according to Credit Agricole's economist Krystian Jaworski cited by Rzeczpospolita daily.
Poland's 2017 GDP growth at 4.6%, the highest in six years, is in tune with the broader European trend as German and French economies also enjoyed the biggest growths since 2011, the daily Dziennik Gazeta Prawna observes.
The solid pace of economic growth is about to continue in 2018, supported by expected rise in demand for Polish export products, likely to bring in more capital, especially in the form of direct foreign investments, Credit Agricole's chief economist Jakub Borowski says as quoted by the newspaper.
Investments are seen as an important component of 2018 growth by Borowski, while his counterpart at Societe General Jaroslaw Janecki focuses on the leading role of consumption as wage pressure will keep rising amidst the employee's market.
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