Real wage growth in Poland will remain strong on the back of a tight labour market, low inflation, and solid growth of investment and productivity. In combination with a record high employment rate, the outlook for household consumption growth is particularly strong in 2017-18.
Leading and coincident indicators are pointing towards a continued pick up in the Polish economy, following a strong Q117 growth reading. An uptick in fixed investment growth and accelerating manufacturing output bode well for our view that real GDP growth will surge to 4.1% in 2017, the economy's fastest pace of expansion in six years.
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Thanks, BMI Research