Spectator on facebook

Spectator on facebook

WB warns against fall out from economic growth

There are strong signs Slovakia’s economic growth will continue, according to the recent 'Doing Business' report from the World Bank. However, the existing economic policies should stay in place and some recent economic measures may have negative effects, the Bank's latest regular economic report presented on September 27 in Bratislava says.

To repeat an 8-9 percent GDP growth is very difficult for any country, and in Slovakia, too, the pace will gradually decrease. However, the Slovak economy is at the highest technological level. As a result, its potential output has also increased, says WB economist for Slovakia Anton Marcincin.

However, continuation of strong growth has one prerequisite.

"If Slovakia continues in the direction adopted a few years ago," the economist specified.

In practice, this means to do the utmost to ensure that the euro is introduced on the planned date of January 1, 2009. Marcincin says that it's not important whether Eurostat increases Slovakia's public finance deficit by several tenths of a percentage point. It is very important to call on the Government and parliament to think twice when it comes to economic policy shifts and to making statements that can influence decision-making vis-á-vis Slovakia adopting the euro. Mancincin highlighted the announced changes in the pension system, and how they can threaten the stability of public finances. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Slovakia remains unknown in convention business

Ten MICE events in 2017 should bring almost €6.5 million to Bratislava.

The GLOBSEC security forum is one of the regular MICE events in Slovakia since 2005.

Kotleba should be defeated in election, not banned

More constitutional can be less democratic, and it is not clear that it always has the intended result. Perhaps the clearest historical case came with the rise of the Nazis in Germany.

Marian Kotleba

Slovakia to leave NATO is a hoax

The Slovak Spectator brings you a selection of hoaxes that appeared over the past week.

Some peple gathered at Slavin in Bratislava brought ani-NATO banners.

Fico: We cannot allow multi-speed EU to become divisive Video

Final session of the 12th edition of Globsec 2017 featured Slovak PM Robert Fico, Czech PM Bohuslav Sobotka, and President of the European Council, Donald Tusk, in a panel entitled European (Dis)Union?

Donald Tusk, Robert Fico, and Bohuslav Sobotka (left to right)