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Central bank raises growth forecast

SLOVAKIA's central bank on June 2 issued improved forecasts for economic growth and the balance of payments current account deficit in 2003.

In an updated monetary policy programme, the National Bank of Slovakia said it sees growth of 3.9 to 4.4 percent, compared to previous estimates of 3.7 to 4.1 percent.

The current account deficit should be between 4.5 and 5 percent of GDP, rather than 6.2 percent, as previously forecast.

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