Economic Boom Continues

Economic growth, which in 2006 accelerated to 3.2 percent, showed no signs of moderation at the beginning of 2007. Judging from business surveys, the economic climate continues to be excellent, and investment plans for 2007 have been revised noticeably upwards. The situation on the labour market has been improving considerably. As a result, consumer confidence is strengthening and the probability of a revival of private consumption, which could prolong the economic upswing, is increasing.