OECD expects 5 percent contraction in Slovakia’s GDP this year

The Organisation for Economic Cooperation and Development (OECD), which groups the world’s main industrialised economies, expects Slovakia's gross domestic product (GDP) to contract by 5 percent this year.

The Organisation for Economic Cooperation and Development (OECD), which groups the world’s main industrialised economies, expects Slovakia's gross domestic product (GDP) to contract by 5 percent this year.

The information comes as part of the latest OECD economic outlook, published on Wednesday, June 24. Its GDP prognosis lies between the National Bank of Slovakia (NBS) forecast that GDP will contract by 4.6 percent and the more conservative Finance Ministry estimate of a 6.2 percent contraction. Nevertheless, the OECD expects a recovery to begin as early as 2010, when it predicts that Slovakia’s GDP will grow again, by 3.1 percent, the SITA newswire wrote. SITA

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

Get daily Slovak news directly to your inbox

Top stories

Here's what the across-the-board coronavirus testing should look like

The Defence Ministry introduced the basic steps of the planned testing.

Bratislava is testing special trolleybus

Public transport should become greener in the capital.

Bratislava borroved the hybrid trolleybus from the Czech city of České Budějovice for a week.

Teachers trust conspiracy media, they think the government is not handling the pandemic well

One-third of teachers think the coronavirus vaccination is a preparation for implanting chips, recent poll shows.

The school in Trenčianske Stankovce.

Ombudswoman, summer festival and a scientist. The awards for sustainable development have been granted

The Pontis Foundation awarded organisations, institutions and individuals for the second time.