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Analyst: Slovak Economy Recovering Fastest Within V4 Countries
Sunday 27 December 2009 Zoom in | Print page
Bratislava, December 27 (TASR) - Slovakia's economic situation can improve in 2010, even though it has experienced a deep fall in 2009, Volksbank chief analyst Vladimir Vano has told TASR.
"For the second quarter in a row, Slovakia has defended its position as an economy with one of the fastest quarter-on-quarter expansions (1.6 percent in the third quarter compared to 1.1 percent in the second). It's encouraging confirmation that economic activity hit the bottom in the first quarter of 2009 and is now recovering more quickly than in its neighbours (the Czech Republic by 0.8 percent, Poland by 0.5 percent), but also more quickly than in our most important export territory - the eurozone (0.4 percent)," said Vano.
According to the economist, such a development isn't commonplace in the still fragile recovery environment in Europe, as various countries such as Hungary, Romania, Greece, Spain and Estonia are still only heading for the bottom of their economic decline.
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