IMF says global economy still strong after bourse slump

Despite the assurances of the IMF and actions of central banks that pumped billions of dollars into the financial system, analysts are very cautious in their opinions. "Development of situation at the WSE and other European floors will depend on what happens in the USA. If American indices begin to gain in strength, there is a chance for a bounce-back in Poland," said Adam Ruciński, investment advisor. He added that investors are frightened and in such situation emotions play a major role. But evaluation of domestic companies and their financial condition is still very good. The value of companies listed on the WSE dropped by a total of about zł.40 billion in the two sessions last week. (Rzeczpospolita, pp. A1, B1; Parkiet, pp. 1, 2, 3-6; August 11-12; Puls Biznesu, pp. 14-15) M.M.