Economists optimistic on GDP, inflation

Economists forecast that after the 5% economic growth in Q1 this year, the second quarter will prove to be equally good. "It was better than expected. GDP growth could amount to as much as 5.3%", stated Marcin Mrowiec, an economist with Bank BPH. "We have a chance for 5% economic growth for the whole year", he added. According to Piotr Kalisz from Bank Handlowy, the economic results in H2 2006 will be slightly worse than in the first six months. "Economic growth will amount to 4.5%. Domestic demand will prevail and investments will be accelerated", he stated. Economists point to the fact that, despite increasing salaries and employment, there is no inflationary pressure yet. "Inflation is very stable. It proves that there is no inflationary pressure in the Polish economy. There is also no need to increase the interest rates", declared Kalisz. (Puls Biznesu, p.13) E.B.