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NBS foresees 5 percent economic growth

THE SLOVAK economy should grow at a pace of over 5 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.

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