Economy booms in 3Q02

Economic growth in the third quarter of 2002 hit 4.3 per cent from the same period a year ago, the highest since 1998. Analysts attributed the growth to a 5 per cent rise in consumer demand, and a 10 per cent increase in exports.

In other data released yesterday, the average national wage in the third quarter of 2002 was Sk13,715 ($334), a 6.1 per cent rise in real terms on the same period in 2001. The strongest growth was in the public sector, especially schools and hospitals.

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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