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Economic growth predicted at 4.1 percent

Slovak economic growth in 2003 should stand at around 4.1 percent, for a total GDP of Sk1.17 trillion (€28 billion), the Slovak Statistics Office (ŠÚ SR) said in its unchanged latest forecast on Thursday, news wire TASR reported.

The projection is close to that of the central bank NBS (3.9-4.4 percent) and the International Monetary Fund (4 percent).

For unemployment, however, the SU SR did revise its full-year forecast, from 17.8 to 17.2 percent.

Average headline inflation is still expected at 8.4 percent, though the year-end estimate was raised by 0.2 percentage points, to 8.9 percent.

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

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