Poland to take leading role on European economic stage
Poland is set to take on a leading role on Europe’s economic stage amid signs of solid growth and the prospects of a pickup inprivateÂ investment and consumer spending.
Powered by the upswing in neighbouring Germany, industrial production came in at a more-than-forecast 13.5 per cent year-on-year in August, faster than the 10.5-per-cent growth recorded the previous month. Economists had forecast a 13.1- per-cent rise in August.
‘Germany is Poland’s economic engine,’ said Mateusz Szczurek, ING BankÂ chiefeconomist in Poland. ‘It’s now time for companies and households in Poland to take the lead in economic growth.’