Polish economy in good shape - minister
Commenting on the latest data from the Central Statistical Office (GUS) on Friday, Entrepreneurship and Technology Minister Jadwiga Emilewicz said the Polish economy is in good shape, the growth fundamentals are stable and it especially enjoys investment growth.
"All the macroeconomic indicators are saying unambiguously that today we are the fastest developing economy among the countries of the European Union because we have growth of 5.1 percent," Emilewicz told journalists.
She highlighted that the basis of the growth is also important. "For the first time we can say the foundations are very stable," the minister commented. "Internal consumption demand remains at a constant high level of over 4 percent and at the same time we see clear investment growth. This is an indicator that pleases us very much; we had assumed 8.6 percent while today we're exceeding 9 percent so we're evidently observing an investment dynamic despite not being at the time of year conducive to growth in that indicator."
The entrepreneurship minister drew attention to record low unemployment and a very low inflation indicator at 1.2 percent. "The Polish economy is in good shape, all the macroeconomic data confirm it and at the same time the foundations of that growth are very stable and allow us to look optimistically at the coming months," she declared, adding that she hoped for further growth in investment.
GDP grew by 5.1 percent in the third quarter of 2018, following 5.1-percent growth in Q2, according to GUS. The statistical office also reported that investment grew by 9.9 percent in the third quarter, private consumption by 4.5 percent and domestic demand by 6.2 percent.