Polish Academy of Science publishes its 2005 economic outlook forecast

"GDP growth will amount to roughly 5% in 2004. Exports will remain one of the engines of economic growth, which will soon be accompanied by investment outlays of almost 7% at the beginning of 2005," said Zbigniew Hockuba, director of INE PAN. Growth will gradually slow down, as in Q3 2004 GDP would increase by 5.5%, while in Q2 2005 it will drop to 4.7%. The main reasons for this is that exports will fall, limiting the high rate of accumulation and shrinking industrial output. The main condition for maintaining high growth rates will be the attitude of companies towards investments. (Puls Biznesu, pp. 1, 7) M.M.