Polish economic growth sustainable, investment picking up: PM
PR dla Zagranicy
Grzegorz Siwicki
24.08.2018 13:15
Poland's economy is on a path of sustainable growth and increasingly being driven by investment, the country’s conservative prime minister has said.
Polish Prime Minister Mateusz Morawiecki. Photo: W. Kusiński/PR
In an interview with the PAP news agency, Mateusz Morawiecki said that the Polish economy was doing “increasingly well,” and that, “importantly and optimistically," it was growing “in a sustainable manner.”
He added that Polish GDP growth was “finally beginning to be” based on three pillars: investment, exports and consumption.
Poland’s Central Statistical Office (GUS) said in a flash estimate last week that the economy grew 5.1 percent in the second quarter of this year.
The statistics office reported this week that capital expenditure by Polish companies in the first half of the year, at PLN 54.4 billion (EUR 12.7 bn, USD 14.7 bn), was 10.3 percent higher than in the same period last year.
Companies invested more in buildings, machinery, equipment and means of transportation than they did last year, according to the Central Statistical Office.
The year-on-year rise in business investment was the highest since Poland's ruling conservative Law and Justice (PiS) party swept to power in late 2015, Morawiecki said in the interview, which appeared on Friday.
(gs)
Source: PAP