TITLE

Growth in 2004: A pause or a peak?

PUB. DATE
March 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Mar2005, Vol. 12 Issue 3, p4
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article reports that unofficial government figures have suggested that Polish GDP growth amounted to 5.4% in 2004, implying that year-on-year (y-o-y) growth slowed to 4.1% in the fourth quarter of last year. While this moderation in expansion meant that full-year growth failed to meet expectations, there are grounds to suspect that there has been a pause rather than a peak in the economic cycle, following robust GDP growth in the first half of last year. Although the rate of increase in consumer spending and stockbuilding was always likely to fall, after surging prior to EU accession in May 2004, the strength of both domestic demand and net exports should ensure that the Polish economy continues to expand at a healthy pace in the coming years.
ACCESSION #
16590044

 

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