Economic growth slows further

The real growth of the Slovak economy in the last quarter of 2008 was 2.5 percent, which is 0.2 percent less than the earlier estimation made in mid-February 2009, according to Slovakia’s Statistical Office. Overall economic growth for the whole year 2008 increased by 6.4 percent, with total GDP rising to €67.33 billion.

The real growth of the Slovak economy in the last quarter of 2008 was 2.5 percent, which is 0.2 percent less than the earlier estimation made in mid-February 2009, according to Slovakia’s Statistical Office. Overall economic growth for the whole year 2008 increased by 6.4 percent, with total GDP rising to €67.33 billion.

The Statistical Office expects further slowing of the economy. The GDP is expected to grow by only 0.8 percent in the first quarter of 2009. Infostat, the Institute of Informatics and Statistics of the Statistical Office, is even predicting the economy’s GDP to fall by 1.3 percent through the first six months of 2009, the SITA newswire reported.

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