At first glance, some of the
macro figures published this week seem like a setback to the recovery and have
been considered as such by some economists and pundits. This is unjustified, as
macro figures jump up and down around trends due to transitory effects such as
the number of working days in a given month. We argue that there is a positive
momentum in the Polish economy and, as usual, present a detailed review of this
week’s macro releases.