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4th quarter real GDP growth falls to 2.5 percent

The growth rate of Slovak economy slowed further in the fourth quarter of last year. The Statistics Office reported that Slovakia's real GDP grew by 2.5 percent y-o-y, a reduction of 0.2 percentage points from its flash estimate made in mid-February. The growth in real GDP for all of 2008 was 6.4 percent with total GDP reaching €67.33 billion. Economic growth had been 6.6 percent in the third quarter, the SITA newswire wrote.

The growth rate of Slovak economy slowed further in the fourth quarter of last year. The Statistics Office reported that Slovakia's real GDP grew by 2.5 percent y-o-y, a reduction of 0.2 percentage points from its flash estimate made in mid-February. The growth in real GDP for all of 2008 was 6.4 percent with total GDP reaching €67.33 billion. Economic growth had been 6.6 percent in the third quarter, the SITA newswire wrote.

In current prices the y-o-y growth of GDP was 4.7 percent in the last quarter of 2008 and 9.5 percent for the whole of 2008. Slovakia generated GDP of €17.35 billion in the fourth quarter of 2008. The overall growth in GDP reflected growth in domestic demand by 2.9 percent and a decrease in foreign demand by 7.8 percent. SITA

Compiled by Zuzana Vilikovská from press reports
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