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Election seen boosting Slovak economy

Strong economic growth of 4.4 per cent last year was partially due to pre-election pay rises in the fourth quarter, analysts said.

Ľudová Banka analyst Mário Blaščák commented: "This is typical of an election cycle."

Despite last year's growth, the Slovak economy may take until 2025 to catch up to the rest of the EU, according to analyst Pavol Ondriska.

The OECD expects economic growth of 3.7 per cent in Slovakia this year.

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

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