CASE predicts growth will not exceed 4% per annum until at least 2006

CASE argues that a rate closer to 4% over the next two years is more realistic. The main reason for the weaker prognosis is based on data which shows that companies are still reluctant to invest. Also slackening exports and a rise in imports will have a negative impact on the GDP. The growth rate will decrease to 3.8% next year CASE believes, with inflation at around 2.5% in 2004 and 2005. The euro will drop to zł.4.7 in 2004 and to zł.4.6 in 2005. (Puls Biznesu, p. 8) A.F.