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National Bank confirms 0.9 percent growth in 2013, forecasts 2.2 percent in 2014
11 Dec 2013 Flash News
Slovakia’s gross domestic product (GDP) will grow by 0.9 percent in 2013, the Slovak central bank (NBS) said in its estimate for the final quarter of the year, which confirms its September forecast.
The European Commission (EC) agrees with the NBS, as this year, it predicts growth of the Slovak economy at 0.9 percent of GDP. The EC forecasts 2.1 percent growth in in 2014 and a 2.9 percent a year later. According to the Ministry of Finance, however, the economy this year will grow slightly less than estimated by the NBS. Its latest forecast expects an increase of 0.8 percent of GDP.
The NBS’s forecast for inflation this year changed from 1.7 percent to 1.5 percent. The inflation for 2014 was originally estimated at 1.5 percent but according to the latest estimates, it is expected to drop to 1.3 percent. The forecast for 2015 remains unchanged at 1.8 percent.
“The relatively low increase in prices should reflect weak consumer demand, a drop in energy prices and the stabilisation of food prices, and inflation should also be dampened be the economic cycle,” said NBS Governor Jozef Makúch, according to TASR.
(Source: TASR, SITA)
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