The average Kowalski’s wallet continues to propel the economy, but the spending of business and local authorities has less and less effect in this regard. It is time we prepared for an investment standstill.
The crisis of Chinese economy, the Volkswagen affair or the terrorist threat do not sour the mood in Poland. The economy is still doing well. In the third quarter alone, it grew a solid 3.5 percent year to year, which gives our country among the quickest-growing economies of the EU.
The GDP is growing mostly thanks to the efforts of the aforementioned Kowalski, who is convinced that the labour market belongs to him and undeterred, indulges in consumption. Signals from companies are less optimistic and economists are asking louder and louder: what about investments?
— Bad moods on the Polish capital market and the unstable global situation discourage companies from conducting ambitious investment plans — believes Łukasz Kozłowski, expert of Employers of Poland.