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Market watchers: Slovak economy will grow by 6.5 percent in 2009

Slovakia’s banks expect the Slovak economy to grow by 6.5 percent in the year following the country's introduction of the euro on January 1, 2009, according to recent macroeconomic prognoses by selected banks that the National Bank of Slovakia released on July 21.

Slovakia’s banks expect the Slovak economy to grow by 6.5 percent in the year following the country's introduction of the euro on January 1, 2009, according to recent macroeconomic prognoses by selected banks that the National Bank of Slovakia released on July 21.

In 2008, meanwhile, the commercial banks expect Slovakia's economic growth to stand at an average of 7.7 percent, news wire TASR reported.

The banks also foresee a reduction in inflation: EU-harmonised inflation rate is projected to drop from this year's 4.2 percent to 3.7 percent in 2009, while the rate calculated by Slovak methodology is expected to go down from 4.3 percent to 3.9 percent next year, wrote TASR.

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