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World Bank estimates 4 percent GDP growth in Slovakia for 2004

SLOVAKIA's gross domestic product (GDP) should grow by four percent this year according to the latest World Bank (WB) prognosis. Inflation should be 7.8 percent, public finance deficit should reach 4 percent of the GDP and the deficit on the current account of the balance of payments should reach 2.3 percent of the GDP, the private news agency SITA wrote.

The WB's economist for Slovakia Anton Marcinčin thinks that positive development of economic indicators for Slovakia over the last few months could lead to even better results.

In 2005 WB expects Slovakia's GDP to grow by 4 percent, similar to this year, and inflation should be 3.7 percent. According to the WB, Slovakia could join the euro-zone and introduce the euro as early as 2008 or 2009.

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

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