Nicom: Neither negative economic growth nor stagnation expected soon

"This response is characteristic of market economies after a three-year cycle of robust growth," said Stanislaw Kubielas, an analyst at Nicom. Kubielas added the performance is also a result of the government policy of cooling the economy, after being taken by surprise with the sudden destabilization of external markets. This consequently triggered an increase in the trade deficit. The worst hit areas of the economy are the agricultural and construction sectors. However, analysts ruled out negative growth or economic stagnation in the near future. Nicom is advising the government to speed up the privatization process, especially the steel and defense industries, to contain the situation. A decrease in interest rates by the central bank would also boost the economy. (Prawo i Gospodarka, page 2)