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Analysts: Slovak economy to grow by 3.6 percent this year

Bank analysts predict that growth in Slovakia’s economy will slow to 3.6 percent year-on-year in 2011, the TASR reported on Thursday, January 25.

Bank analysts predict that growth in Slovakia’s economy will slow to 3.6 percent year-on-year in 2011, the TASR reported on Thursday, January 25.

In addition, the analysts expect consumer prices to grow at a faster rate. While the prices of goods and services rose by 1 percent in 2010, the increase should reach 3.8 percent this year. The Finance Ministry in its current prognosis expects growth in the national economy to slow to 3.3 percent. Slovakia’s central bank (the NBS) is slightly more pessimistic, expecting GDP to increase by only 3 percent this year.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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