According to he latest prognosis from the European Commission, the Polish GDP is to grow by 1%.

EC economists expect Poland to be the only EU member state to record a positive GDP. The forecast emphasises that Polish economic indicators for the first half of the year were better-than-expected.

In the report Polish economic situation was described under a heading: Strong resilience in a difficult environment." EC has appreciated the intensive economic activity of Polish companies, relatively low dependence on export and import thanks to domestic production and the strength of domestic demand.

In his comment on the prognosis, Polish Minister for Finance Jacek Rostowski told the Polish Press Agency that the information has not come as a surprise to him. Mr Rostowski emphasised the fact that Poland will be the only EU country with a positive GDP growth. Polish GDP is expected to grow at the fastest rate from among EU countries and in the future also from among OECD member states.

The high economic growth rate has to a large extent been influenced by the unflagging entrepreneur and consumers spending. The Ministry adds also that it was the fact that IMF provided Poland with the flexible credit line that substantially helped Polish economy reach positive indicators. At the same time the Commission has not changed forecasts for the whole EU and the euro zone and confirmed that GDP in the zones is expected to shrink by 4%. (European Commission, PAP)