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Slovak economy could be back in black in 2010

The soonest the Slovak economy will enjoy growth again is 2010: that was the consensus which emerged from officials at a press conference on Tuesday, April 7, following the 2009 Slovak Economy Views Conference in Bratislava.

The soonest the Slovak economy will enjoy growth again is 2010: that was the consensus which emerged from officials at a press conference on Tuesday, April 7, following the 2009 Slovak Economy Views Conference in Bratislava.

Both Slovak central bank (NBS) and conference participants now predict that Slovakia’s economy will contract this year. The Slovak Statistics and Demographics Society's scientific secretary, Jozef Chajdiák, had estimated that Slovakia’s GDP would fall by 1.8 percent in 2009, but now says he regards even this estimate as perhaps too sanguine. The NBS, in its revised medium-term prognosis published on April 7, predicted that GDP will decrease by 2.4 percent in 2009. TASR

Compiled by Zuzana Vilikovská from press reports
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