Pekao economist: investment activity grows in Q1

An economist from Pekao Bank Piotr Piękoś noted a clear growth of investment activity in Q1 in his commentary to the Central Statistical Office (GUS) data of the on economic growth.

GDP in Q1 increased by 4.7 percent y/y compared to an increase of 4.9 percent a quarter earlier. Piękoś noted, however, that the scale of the slowdown is very moderate. "We continue to see dynamic growth in private consumption due to high dynamics of incomes, and in the medium term it will be further strengthened by the planned fiscal expansion," the economist said. 

(PAP)