Trade deficit again in trouble

The trade balance deficit for the first five months of 2002 hit Sk36.2 billion, or Sk2.9 billion (8.7 per cent) worse than the same period last year, when Slovakia recorded a record deficit of Sk103 billion.

The development came after a mild improvement in April was followed by a terrible result for May, with the Sk11.3 billion deficit more than twice exceeded market expectations.

Falling exports of motor vehicles were behind the results.

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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