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NBS: Slovak Economy Will Grow by 3.7 percent in 2010
Tuesday 15 June 2010 Zoom in | Print page
Bratislava, June 15 (TASR) - The Slovak central bank's (NBS) optimism vis-a-vis economic recovery in Slovakia this year has risen, with NBS in its medium-term prognosis presented on Tuesday predicting economic growth of 3.7 percent, up from the 3.2 percent expected three months ago.
According to NBS, the economy should strengthen thanks to improvements in foreign demand.
A slightly worse-than-before prediction was made for next year. The Slovak economy should expand by 4.3 percent in 2011, rather than by the previous estimate of 4.4 percent. Slovakia's GDP, hit by the global economic crisis and falls in foreign demand, shrank by 4.7 percent last year.
NBS issued its prognosis only a day after one released by the Finance Ministry, which also raised expectations vis-a-vis economic recovery. While the Finance Ministry previously expected growth to reach 2.8 percent this year, it's now counting on 3.2-percent.
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