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The Warsaw Voice » Business » August 17, 2018
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Minister on GDP growth
August 17, 2018   
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Jerzy Kwiecinski
Poland's Q2 GDP growth of 5.1% year on year was driven mostly by consumer demand, with some help from recovering investments, Investment and Development Minister Jerzy Kwiecinski said in a comment to the flash GDP data.
"As we had expected, GDP growth in Q2 was close to that in Q1," Kwiecinski said. "Private consumption supported by a recovery in investments remained the main growth driver."
Investment growth is particularly strong in the public sector, he indicated. Investments should continue to contribute to GDP growth in the coming quarters, he indicated.
"In the coming quarters the trend will hold - the investment engine will work at high gear," the minister said. "We expect that investment growth in Q2 and the following quarters as well as in full 2019 will be double digit or close to double digit."
All in all, Poland's GDP growth this year will certainly beat the 3.8% target set in the budget and will exceed 4%, Kwiecinski said.
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