Wave of optimism

The issues troubling the global economy have not disappeared. However, either the insecurity stemming from the payment of more tranches of aid to Greece and the implementation of reforms in the country has receded into the background, or investors have simply got used to ?the Greek problem'. The publication of favourable macroeconomic results from around the world as well as the US Central Bank announcement that American interest rates are to stay at zero until the end of 2014 certainly helped to alleviate the situation. The only factor militating against optimistic scenarios is the debt issue, as is the case in Europe. Positive signals on the old continent are also boosting the stock exchanges (these include improvements in the leading indicators in the service and industry sectors).The Polish stock exchange has finally taken on board the healthy data for the real economy. At the end of January it turned out that that Polish GDP had grown by 4.3 pct over 2011, which demonstrated tha