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Preliminary estimate: Slovakia’s GDP reaches €15.64 billion

Slovakia's gross domestic product (GDP) reached €15.640 billion in the second quarter of 2009, falling by 5.3 percent year-on-year in constant prices and by 6.5 percent in current prices, according to a preliminary estimate released by the Statistics Office on August 13, the TASR newswire wrote.

Slovakia's gross domestic product (GDP) reached €15.640 billion in the second quarter of 2009, falling by 5.3 percent year-on-year in constant prices and by 6.5 percent in current prices, according to a preliminary estimate released by the Statistics Office on August 13, the TASR newswire wrote.

Adjusted for inflation, GDP in the second quarter totalled €11.821 billion, down 5.4 percent from a year earlier. The GDP shrinkage in 2Q09 was a slight improvement when compared to 1Q09, when GDP fell by 5.6 percent. GDP was down 5.5 percent in the first six months of this year, the TASR newswire wrote.

GDP increased by 6.4 percent last year, although Slovakia was hit by reduced demand caused by the global economic crisis at the end of 2008. Total employment between April-June 2009 reached 2.198 million, a drop of 1.3 percent y-o-y. The Statistics Office will release figures based on more available data on September 2. TASR

Compiled by Zuzana Vilikovská from press reports
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