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Slovak economy seen growing

Slovakia's economy grew by 4.2 percent year-on-year in the third quarter for a gross domestic product of Sk308.3 billion (€7.5 billion), the Statistical Office reported.

The figure compared to a 4.3 percent growth in the third quarter of last year, and to 3.8 percent in the second quarter of 2003, when GDP stood at Sk295.6 billion (€7.2 billion).

GDP for the first nine months of 2003 totalled Sk879.9 billion (€21.4 billion), representing an annual growth of 4 percent, compared to 3.9 percent for the same period last year.

The third quarter growth reflected a rise in foreign demand of 23.1 percent and a fall in domestic demand of 1.5 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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