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Slovak economy to exceed EU average growth in 2009

ECONOMIC growth in Slovakia should exceed the average economic growth in the European Union by about 1.5 percentage points between its entry into the EU and 2009, the news wire SITA wrote.

The Slovak Economy Ministry expects that in 2009 the level of the country's economy will reach approximately 56 percent of the current 15-member EU average.

Slovakia's entry into the European Monetary Union should have a positive impact on Slovakia's economic performance.

The ministry estimated Slovak economic growth at an average of 3.1 percent between 2003 and 2013. Between the years 2003 and 2006 the average economic growth should be 3.9 percent, while the ministry predicts the average annual economic growth at 2.6 percent between 2007 and 2013. In 2013, the gross domestic product should increase by 3.6 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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