Spectator on facebook

Spectator on facebook

IMF predicts economic slowdown in new Europe

THE NEW European economies, which witnessed strong economic growth last year, will see a slowdown this and next year, the International Monetary Fund (IMF) predicts in its new World Economic Outlook report, the Pravda daily reported.

The region recorded an economic growth of 6.2 percent last year but the IMF predicts this to slow down to 4.5 percent in the coming years.

In Slovakia the economic growth in 2004 was 5.5 percent, powered especially by growing domestic consumption.

In 2005, the IMF predicts Slovakia's economic growth to slow to 4.8 percent.

The IMF also recommends that Slovakia work towards cutting down its budget deficit quickly.

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

Top stories

Slovak scientist in the US: Slovak science needs more than just money to thrive

It seems as if we do not want skilled scientists to return home, says Dominika Truban, who founded a platform connecting Slovak researchers abroad and at home.

Dominika Truban

The Education Ministry to restore the analytical institute

The institute that is part of the Value for Money initiative was merged with another body at the beginning of the year.

Education Minister Martina Lubyová

New web app shows property owned by politicians

The aim is to clearly show publicly accessible information about public officials that is scattered through various state websites and registers.

Zsolt Simon

Blog: Helping others helps your company too

Tatiana Čaplová, Program Coordinator for CSR at the Pontis Foundation, offers a very interesting look behind the scenes of the most successful CSR event in Slovakia - Naše Mesto (Our City).

Bratislava