WARSAW (Thomson Financial) - The Polish economy grew 6.7 pct from a year earlier in the second quarter and beat analysts' expectations on the back of booming domestic demand, paving the way for more rate hikes.
The expansion slowed from its fastest rate in a decade of 7.4 pct in the first three months of the year, but still exceeded average forecast of 6.1 pct from economists polled by state news agency PAP.Growth in the European Union's largest post-communist economy was driven by a 9.3 pct rise in domestic demand.
Falling unemployment and a record rise in wages encouraged consumers to raise their spending by 5.1 pct and companies increased inventories by 34.2 pct to meet growing demand. Investments jumped 22.3 pct.
more>>>>Polish economic growth beats forecasts in Q2, more rate hikes likely UPDATEhttp://www.forbes.com/markets/feeds/afx ... 67780.html