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FinMin: Slovak Economy This Year to Grow Faster than Expected
Monday 14 June 2010 Zoom in | Print page
Bratislava, June 14 (TASR) - Slovakia's economy will grow faster this and next year than expected in a prognosis actually published by the Finance Ministry in February but updated on Thursday.
The ministry estimates this year's growth to reach 3.2 percent - and not 2.8 percent as had been estimated earlier. The current estimate for 2011 is 3.8 percent.
"It's more positive expectations vis-a-vis external developments, along with improvement in short- and mid-term expectations, and positive results for the first quarter of 2010 in both Slovakia and the eurozone as a whole that stand behind the changes in prognosis," reads the document.
The ministry expects that household demand will revive in 2011. Among the negative risks listed in the current prognosis, developments on financial markets is highlighted.
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