4/23/2007

Poland's GDP grows much above 6 percent in first quarter: minister

Poland's GDP growth in first quarter (Q1) of this year is likely to be much above 6 percent recorded in the fourth quarter (Q4) 2006, Deputy Finance Minister Katarzyna Zajdel-Kurowska told Polish news agency PAP on Friday.

"Chances are that the growth will be higher than in Q4 2006. It will not be too risky to put it much above 6 percent. How much exactly we will have to wait for retail sales data to be released on April 25," Zajdel-Kurowska said.

"The trend is still positive. We are especially happy about revival in the construction sector. This will translate into real investment growth in Q1," she remarked.

"There are fat chances that the investments will stand at some 20 percent, as in Q4 2006. Or perhaps even more. Construction output is impressive," Zajdel-Kurowska added.

Source:english.people.com.cn



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