Economic growth strongest since EU accession

This was in line with the analysts' estimations, but they were surprised by a 14.4% increase in the value of investment expenditures. This means that 40% of GDP growth was due to growing expenditures of companies on fixed assets. However, GDP growth was strongest influenced by consumption, which increased by 4.9%, slightly less than the 5.2% expected by analysts. Export is also fuelling the economy and it increased by 13% in Q2. Analysts are really pleased that the economy is growing thanks to investments, rather than only on consumption, because this poses less threat of inflationary pressure."Inflation is still under control," said Marcin Bilbin, an analyst at Pekao.Due to this, the Monetary Policy Council (RPP) decided to not change interest rates during its session on Wednesday. (Puls Biznesu, pp.1, 6) M.M.