GDP growth cools in 1Q08

The Slovak economy grew by 8.7% in the first quarter of 2008, down from a scorching 14.3% in the fourth quarter of 2007, according to the Slovak Statistics Bureau.

(Source: Horspodafiské noviny, Graph: SPEX)

The Slovak economy grew by 8.7% in the first quarter of 2008, down from a scorching 14.3% in the fourth quarter of 2007, according to the Slovak Statistics Bureau.

The growth figure shows that the economy is cooling from a record 10.4% rate of expansion in 2007, which was driven by the country’s two new auto plants, Peugeot Citroen in Trnava and Kia Motors in Žilina, ramping up production. Rising real wages have also sparked strong consumer demand.
The Slovak central bank has forecast a GDP growth rate of 7.4% in 2008.

Top stories

The price of 400 food products has been capped by eight retailers.

News digest: Retailers' move to make food more affordable

A group of ancient houses in Banská Štiavnica damaged by fire, Eduard Heger's new party, and 10 biggest tax debtors.


17m
Filip Toška holding chard in the hydroponic Hausnatura farm.

How a Mayan doomsday prophecy took a Slovak to hi-tech agriculture

Hydroponic farm run out of former telephone exchange.


9. mar
Mig-29

The quarrel over MiGs tests Slovakia’s ability to do the right thing

It’s not like Slovaks will get nothing from the transfer.


9 h
Masks stay mandatory in healthcare facilities.

The end of the pandemic? Covid-19 self-isolation will end soon

The legal mandate to self-isolate following a positive test will cease to apply.


17. mar
SkryťClose ad