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NBS foresees five percent economic growth

THE SLOVAK economy should grow at a pace of over five percent in the medium-term, the National Bank of Slovakia (NBS) forecasts.

NBS Governor Ivan Šramko said that in 2007 GDP growth is estimated to approach 7 percent, mostly on the back of the production of the automotive investors, the TASR news agency wrote.

"Consequently, this production should have a positive impact on the current account balance of payments deficit," Šramko added.

The central bank also expects the Slovak crown to gradually stabilize against the euro.

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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