Slovak GDP to grow about 5% in 1998

Slovakia should record real gross domestic product (GDP) growth of around five percent in 1998, a finance ministry official said on May 11. Juraj Sipko, Director of the ministry's International Financial Institutions Department, told investors at the annual meeting of the European Bank for Reconstruction and Development that the country's economy remained sound. Slovakia's current account and fiscal deficits were both improving, he added. Elena Kohútiková, Executive Director of the National Bank of Slovakia (NBS), reiterated a central bank forecast that the current account shortfall would fall below 6% of GDP this year from 6.8% in 1997.

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