Spectator on facebook

Spectator on facebook

Statistics Office: GDP fell by 5.6 percent in 2009 Q1

The Slovak Statistics Office on Wednesday, June 3, confirmed that the Slovak economy suffered a significant slump during the first quarter of 2009, amending its preliminary estimate of a 5.4-percent fall year-on-year in gross domestic product (GDP) to a 5.6-percent drop.

The Slovak Statistics Office on Wednesday, June 3, confirmed that the Slovak economy suffered a significant slump during the first quarter of 2009, amending its preliminary estimate of a 5.4-percent fall year-on-year in gross domestic product (GDP) to a 5.6-percent drop.

GDP reached €14.648 billion in 1Q09. “The drop is reflected in all GDP components except for public-administration consumption. Non-domestic demand went down by 24.3 percent and domestic demand by 4.6 percent,” said the Statistics Office, as quoted by the TASR newswire.

GDP produced to meet domestic demand fell by 16.4 percent y-o-y, while household end consumption was down 1.2 percent. The end consumption of the public sector increased by 1.2 percent. Imports of products and services fell by 22.6 percent. TASR

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships. He allegedly did not expect it and was easy with the idea he would not win.

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.

Teachers and scientist support anti-corruption march

They praise the activities of students who may change the current state of corruption.

Organisers of the first student protest, Karolína Farská and Dávid Straka.