Czasopismo | PRZEMYSŁ SPOŻYWCZY | Rocznik 2014 - zeszyt 8

Relative stabilization of the food industry in Poland

nr katalogowy: 86349

In Polish economy. the recently occurring phenomena have pointed to the successive animation. Gain in GNP increased from nearly 1% annually in quarter I and II of 2013 to 2.7% in quarter IV of 2013 and 3.4% in quarter I of 2014. Production of industrial processing has again increased in the rate exceeding 5% per annum. The economic growth originates. first of all. from increasing investment demand which was lowered in quarter I and II of 2013 (by ca. 3%) whereas in quarter IV of 2013. it increased by 2% and in quarter 2014 - by more than 10%. A relatively high growth rate of Polish export is still maintained (7-10% annually); a significant increase of consumption demand (from 0% in quarter I and II of 2013 to 2.6% in quarter I of 2014) is a new phenomenon what is reflected in quickly growing real salaries (from ca. 2% in the first half of 2013 to almost 4% in quarters I and II of 2014) (Table 1). Prognoses of Polish economists as well as international institutions confirm that economic animation has a stable character. At the same time. they indicate that there are small chances for exit from the handicap of the “mean" economic growth rate on the level of ca. 3% per annum and recovery of quicker animation. exceeding 5% per year. The forecast economic development of Poland will be however higher than in the Western Europe countries. it will be similar to the anticipated development in the USA but distinctly lower than GNP in most of the quickly developing countries (China. India). A new risk factor includes a very low inflation. being at present equal to only 0.2% annually. creating a threat of deflation. It will be a factor which lowers demand for consumption good because retardation of purchasing decision increases the savings of households. LIMITATIONS OF DEMAND on food and beverages still remain high Recovery of economic animation creates the chances for breaking down and reversing the decreasing tendencies of d[...]

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