Slovak News Back to the news
FinMin Improves Forecast of Slovak GDP Growth in 2010 to 2.8 percent
Wednesday 10 February 2010 Zoom in | Print page
Bratislava, February 10 (TASR) - The Finance Ministry has revised its previous forecast for growth in the Slovak economy in 2010 to 2.8 percent, up from the 1.9 percent expected in the autumn of 2009, TASR learnt on Wednesday.
"The changes in the prognosis are mainly due to improvements in expectations concerning the external environment, improvements in indicators of economic sentiment and positive results for the third quarter (of 2009) in Slovakia and the eurozone as a whole," said the ministry's Financial Policy Institute (IFP).
The current prognosis embraces the influence of highway construction via public-private partnership (PPP) projects, which are expected to have a positive effect on GDP growth.
On the other hand, negative developments are expected on the household-demand front. "Negative risks stem primarily from developments on the domestic labour market, whereas risks are balanced in the external environment," said IFP.
All rights reserved. Any publishing or further dissemination of press releases and photographs from TASR's resources without TASR's prior written approval constitutes a violation of the Copyrights Act.
