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Central bank: Economic growth will slow over six months

Ľudovít Odor, a member of the board at the National Bank of Slovakia (NBS), said on September 29 that the Slovak economy’s growth will certainly slow in the next six months. But he does not expect a dramatic fall.

Ľudovít Odor, a member of the board at the National Bank of Slovakia (NBS), said on September 29 that the Slovak economy’s growth will certainly slow in the next six months. But he does not expect a dramatic fall.

The overall direct impact of the financial crisis that, according to Odor, can already be felt in Europe are insignificant for Slovakia. He pointed to the fact that Slovak banks are in the hands of bank groups that have expanded eastward and have had little risk exposure in the U.S. He said the crisis may be reflected in the growth of risk surcharges when providing consumer loans.

Europe and Slovakia may also slow down as a result of recession in the U.S., he said. SITA

Compiled by Zuzana Vilikovská from press reports
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