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Analysts Increase Estimate for 2010 GDP Growth to 4 percent
Sunday 29 August 2010 Zoom in | Print page
Bratislava, August 29 (TASR) - Bank analysts who are regularly approached by Slovakia's central bank (NBS) for predictions have increased their estimates for the country's GDP growth in 2010 to 4 percent year-on-year in fixed prices, TASR learnt on Sunday.
The latest assessment represents a 0.9-percentage point increase on the figure expected in July.
The analysts also expect an acceleration in consumer price increases, however, with inflation according to national methodology expected to reach 2 percent y-o-y at the end of the year, as opposed to July's assessment of 1.8 percent. Meanwhile, EU-harmonised inflation should reach 1.8 percent y-o-y this year. The forecasts in July averaged 1.5 percent.
The central bank itself and the Finance Ministry are more pessimistic in their assessments, however, with NBS expecting 3.7-percent GDP growth in 2010 (according to a prognosis made in June), and the Finance Ministry counting on only 3.2 percent y-o-y.
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