And now a Polish miracle?

Published on 1 December 2010 at 12:12

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“What pulls our growth up?” headlines Gazeta Wyborczaon the record, though unexpected, 4.2% GDP rise in the third quarter of the year. Three factors — or engines — as the Warsaw daily calls them, have contributed to this "economic miracle": strong consumption (a 3.5% rise compared to the previous year), an increase in investment (up 0.4% on last year) and more confidence among companies who have begun rebuilding their stocks. The daily warns that a robust rise in investments is needed to ensure long-term growth and stresses that companies will not start investing until their owners see some “calm on financial markets”.

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