Poland's GDP growth in Q4 2014 likely to be in line with flash estimate: Societe Generale

Quotes from Societe Generale Cross Asset Research:

-We expect Poland's GDP growth in Q4 2014 to be in line with the flash estimate of 3.0% yoy (NSA). Seasonally-adjusted data suggests that growth came in at 3.1% yoy and 0.6% qoq. In our view, there was no significant change in the growth structure as domestic demand contributed positively to growth (around 5.0pp).

-The positive contribution of gross capital formation (investment and inventories growth) was probably greater than in Q3. Net exports contributed negatively to GDP growth in Q4.

-The expected monetary policy easing in March will be supportive for the real economy, especially households' disposable income. We expect domestic factors to continue to make a positive contribution to GDP in forthcoming quarters.