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Finance Ministry improves its GDP growth forecasts for Slovakia

The Finance Ministry has moderately increased its prognosis for growth in the Slovak economy over the next few years, the SITA newswire reported.

The Finance Ministry has moderately increased its prognosis for growth in the Slovak economy over the next few years, the SITA newswire reported.

According to its latest macroeconomic prognosis, released on February 9, the gross domestic product of the country should rise by 3.4 percent this year, 0.1 percentage points more than the ministry forecast last September.

Growth expectations for 2012 were increased by 0.3 points to 4.8 percent and for 2013 by 0.1 point to 4.8 percent. The ministry also increased its estimate of GDP growth last year by 0.1 percentage points higher, to 4.1 percent. The Statistics Office is to release its flash estimate of economic growth for the last quarter of last year and all of 2010 on February 10.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
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