Spectator on facebook

Spectator on facebook

NBS issues another fiscal warning

The central bank has warned the government that unless it takes immediate action to curb the fiscal deficit it will be forced to again raise interest rates to prevent dramatic currency developments.

The National Bank of Slovakia sounded the warning as it corrected its economic outlook for 2002, raising the expected current account deficit from 7.9 to 8.3 per cent of GDP (compared to 8.8 per cent in 2001) and fiscal deficit from 3.6 to 4.5 per cent of GDP. End-year inflation and GDP growth stayed unchanged at 3.5-4.9 per cent and 3.5-3.8 per cent respectively.

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

Top stories

Wizz Air: Luggage changes have to wait until we train our staff

Clients of the Wizz Air airline will no longer have to pay for bigger hand luggage with a new service to be launched in late October.

Auto sector could learn from Austria

New fields are an opportunity

Hold onto your hats - heavy storms in Slovakia continue

Summer storms cause property damage, destroy gardens and possibly the harvest

Liberation of Mosul and the fight against ISIS

The United States, Slovakia, and the entire Global Coalition will continue to support our regional partners until ISIS has been defeated and the suffering ends.

Iraqi civilians flee their homes during fighting between Iraqi security forces and Islamic State militants, on the western side of Mosul, Iraq, in March 2017.