Slovak central bank forecasts 3.2-percent GDP growth in 2010

According to the latest medium-term estimate by the National Bank of Slovakia (NBS), the country's central bank, the Slovak economy will grow by 3.2 percent this year, NBS governor Jozef Makúch told the TASR newswire on March 30. The NBS's previous estimate in December stated that the Slovak economy would grow by 3.1 percent after a contraction of almost 5 percent in 2009.

According to the latest medium-term estimate by the National Bank of Slovakia (NBS), the country's central bank, the Slovak economy will grow by 3.2 percent this year, NBS governor Jozef Makúch told the TASR newswire on March 30. The NBS's previous estimate in December stated that the Slovak economy would grow by 3.1 percent after a contraction of almost 5 percent in 2009.

The central bank is more optimistic than the Finance Ministry, which is currently predicting a 2.8-percent improvement this year. Makúch added that growth in all segments of GDP is expected. Negative developments in the labour market are predicted to continue, however, with a hope of some improvement only at the end of the year. According to the NBS, consumer prices will be influenced by milder inflation at the beginning of 2010, which will lead to a slower growth in average prices (0.7 percent) than foreseen in December 2009 (1.2 percent). The public-finance deficit tripled in 2009 year-on-year to reach 6.3 percent of GDP. The government has promised to cut the deficit to 5.5 percent this year.

Source: 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.

Get daily Slovak news directly to your inbox

Top stories

PM Igor Matovič (front) and Economy Minister Richard Sulík (back)

Hlas is gaining strength, along with Sulík’s SaS

At the same time, most people think PM Matovič is not managing the coronavirus crisis well.

2 h
US President Joe Biden

Biden really is waking up each morning with the goal of making things better

The new president is old and imperfect, but it's difficult to question his motives.

16 h

Old-age pension scheme gains three new features

Brand new parental bonus raises concerns.

21. jan
First Pfizer/BioNTech vaccine to be administered in Slovakia.

Vaccine hesitancy down, but still above EU average

Survey shows less than half of Slovaks believe vaccination is the only way to end the pandemic.

22. jan