India’s economy grew less than 5 percent for a second quarter, adding pressure on Prime Minister Narendra Modi to spur investment after winning the strongest electoral mandate in 30 years.
Poland’s economy grew at the fastest pace in two years in the first quarter as record-low borrowing costs stoked consumer spending and corporate investments.
Poland’s economic growth quickened to the fastest pace in two years as record-low borrowing costs revived investment and consumer spending.
Polish fixed investments probably improved for the first time this year in the third quarter, economists said.
The Polish economy accelerated for a third consecutive quarter as record-low borrowing costs and euro-region recovery boost domestic demand.
Poland’s inflation rate probably fell to the lowest since August 2007 last month as manufacturing declined, strengthening expectations the central bank will keep its key interest at a record low.
Poland’s rate increase last week marked a “return to normal” because it restores positive real interest rates and buttresses confidence in price stability, central bank Governor Marek Belka said today.
Polish corporate wage growth slowed in May from a 16-month high, suggesting the central bank may not need to override its governor’s preference for taking a break from increasing interest rates.