Rising demand in service sector underlines economic recovery

Increased demand for PR services, mortgage loans, warehouse space and private apartments are just some of the trends marking the economic recovery. The leaders on the private loans market, including Millenium, SKOK and Żagiel have all recorded an upswing in the number of customers. On the insurance market, the number of policies sold is also up, say sector representatives. Even the demand for courier services is growing. Further evidence supporting the argument that the economy is recovering is provided by data on sales in industry and trade published by the Central Statistical Office (GUS) as well as improving economic climate indicators. These facts confirm the optimistic predictions that GDP growth may reach 3% in the first half of the year and as much as 3.5% for the year as a whole. "The financial situation of companies is getting better. Those, who were supposed to make losses are now posting profits, those who already recorded profits, are improving their results," said Krzysztof Kalicki, president of Deutsche Bank Polska. (Rzeczpospolita, p. B1) M.K.