CASE experts estimate 4.1% rise in 4th quarter GDP, at 4.8% for the year

Experts at the Center for Social and Economic Analyses (CASE) estimate that in the fourth quarter of this year the GDP will rise by 4.1%, and that for the year as a whole it will increase by 4.8%. According to the analysts the economic situation is rather complicated. "We thought that industrial production would improve, but the information about September trends is disturbing. If this situation continues for an extended period, it could create a danger for the economy. However, the overall economic situation is not disturbing," said Miroslaw Gronicki, CASE's chief economist. The economy's slowdown is mainly the result of reduced consumer savings and decreasing domestic demand.(Prawo i Gospodarka, p.2)