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Stats Office Preliminary Estimate - GDP Grew by 4.6 percent in 1Q10
Wednesday 12 May 2010 Zoom in | Print page
Bratislava, May 12 (TASR) - According to a quick estimate published by the Statistics Office on Wednesday, the Slovak economy grew by 4.6 percent y-o-y in the first quarter of this year.
This is the first registered growth in Slovak GDP since 4Q08.
The Slovak economy registered a significant drop in production in 2009, caused by the lack of foreign demand due to the global economic crisis. In 2009, it contracted by 4.7 percent, while in 2008 it grew by 6.2 percent.
Official prognoses for 2010 predict a revival in the Slovak economy, which could register among the most rapid growth in the European Union. According to the Finance Ministry's prediction, GDP will grow by 2.8 percent, while the Slovak central bank (NBS) is even more optimistic - expecting 3.2-percent growth.
Slovakia's gross domestic product (GDP) reached €15.053 billion in the first three months of 2010. In a y-o-y comparison, GDP increased by 4.6 percent in fixed prices and by 2.7 percent in current prices.
The Statistics Office will release figures based on further available data on June 4, 2010.
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