Trade balance deficit deepens

The deficit in the trade balance hit 58 billion crowns for the first eight months of 2001, 42.3 billion more than the same period last year. Economic experts are predicting a worst-case deficit of 100 billion crowns this year. The shortfall is being driven mainly by imports of technology related to FDI inflows, and slower growth in Slovakia’s main export markets.

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

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