Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Economic growth in Slovakia slows to 7.6 percent in Q2

SLOVAKIA reported real gross domestic product (GDP) growth of 7.6 percent year-on-year (y/y) in the second quarter of 2008. The figure comes from the Statistics Office of the Slovak Republic, which confirmed its flash estimate from the middle of August, the SITA newswire wrote. Q2 GDP growth was thus 1.7 percent slower y/y and 1.1 percent slower quarter-on-quarter.

SLOVAKIA reported real gross domestic product (GDP) growth of 7.6 percent year-on-year (y/y) in the second quarter of 2008. The figure comes from the Statistics Office of the Slovak Republic, which confirmed its flash estimate from the middle of August, the SITA newswire wrote. Q2 GDP growth was thus 1.7 percent slower y/y and 1.1 percent slower quarter-on-quarter.

In the April-June period, the Slovak economy generated GDP of Sk507 billion (€16.829 billion). According to the updated figures, the GDP generated over the first half of 2008 amounted to Sk979.5 billion (€32.51 billion).

Investments in particular, growing by 9.6 percent y/y, propelled economic growth during the second quarter of 2008. Growth in foreign trade slowed compared with the first quarter of the year. Exports rose 8.7 percent and imports increased by 9 percent. Public consumption jumped by 8.9 percent and household consumption rose by 5.7 percent, the ČTK newswire wrote.

The Statistics Office retained its estimate of economic growth for 2008 at 7.9 percent and inflation at 4.1 percent. It slightly increased its estimate of the unemployment rate from 9.8 percent to 10 percent for the end of the year.


The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Heavy rains flood the Tatras Video

People had to be evacuated and several hiking routes had to be closed.

Stará Lesná

Trump plays with the world like a spoiled child

The White House is now broadcasting its most spectacular soap opera, beating and overcoming those of sundry leaders from different continents and different times.

Donald Trump