Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

GDP growth forecasts released

THE ECONOMY is growing faster than expected according to an analysis prepared by the Finance Ministry’s Financial Policy Institute which states that GDP in Slovakia will grow by 3.4 percent in 2011 and by 4.8 percent in 2012, the Sme daily reported.

THE ECONOMY is growing faster than expected according to an analysis prepared by the Finance Ministry’s Financial Policy Institute which states that GDP in Slovakia will grow by 3.4 percent in 2011 and by 4.8 percent in 2012, the Sme daily reported.

The Financial Policy Institute commented that the reason behind its better prognosis is an expected improvement in the external environment and positive preliminary data for the fourth quarter of 2010 in both Slovakia and across the eurozone. The institute wrote that in the first two years of its prognosis, economic growth should be primarily triggered by foreign demand, investments, and rebuilding of inventory but that beginning in 2012 an increase in domestic household consumption due to a better labour market will contribute more to GDP growth, the SITA newswire reported.

The labour market will continue to stagnate for some time according to the analysis. The Finance Ministry lowered its estimate of employment growth for 2011 to just 0.7 percent compared to its previous estimate of 1.2 percent growth. In 2012 employment is forecast to grow by 0.9 percent and in 2013 by 1.2 percent, SITA reported.


Top stories

LGBTI people in the regions: We change people’s minds

Bratislava will dress up in rainbow colours this August again, for the seventh time. This will be for the Bratislava Dúhový Pride diversity festival. But the colours of the rainbow are less bright in the regions,…

Slovakia’s LGBTI community seeks to expand their rights.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between August 18 and August 27, as well as regular services in different languages, training for foreigners in English and highlights of the year.

Pivobrana - Beer Festival

Have you ever climbed a via ferrata? Photo

In central Slovakia, there is one also suitable for beginners. Here are some of the views it offers.

Agrokomplex opens its gates Photo

This year’s exhibition has more discussions with experts and a family programme.