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Slovak GDP Expected to Be Among Fastest-growing in Eurozone in 2010
Monday 26 April 2010 Zoom in | Print page
Bratislava, April 26 (TASR) - The Slovak economy will be among the fastest-growing economies in the eurozone in 2010, Daniela Ursinyova of Ernst & Young Slovensko told TASR on Monday.
The company expects Slovakia's GDP to grow by 3 percent this year and by 4.4 percent in 2011, with the figures curbed by the slow pace of economic growth in the eurozone.
"Slovakia is tied to countries of the economic and monetary union by close business and investment links, so the recession had a significant impact on it. This entwinement is likely to slow down the economic recovery," said Dalimil Draganovsky of Ernst & Young Slovensko.
The deficit won't drop below 3 percent of GDP until 2013. Consumer demand in Slovakia is expected to be adversely affected by rising unemployment, which ranked among fastest-growing amid the crisis.
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