GDP looking solid for 2006

"A 12.2% growth of industrial output in June, combined with 15.7% and 10.5% increases in the construction sector and retail sales, respectively, put estimated GDP growth at 5.5% in Q2," reads the Ministry's report.Central Statistical Office (GUS) data and National Bank of Poland forecasts concerning economic growth in Q2 will be published on Wednesday.Rzeczpospolita daily has unofficially learnt that this data is likely to be better. "I can say today that the latest estimates indicate that GDP growth will exceed 5% in 2006," said Karol Smolag from the NBP press office.According to the Finance Minister, Stanislaw Kluza, y-o-y inflation in December will reach 1.6%. (Rzeczpospolita, p.B2) M.M.