Slovakia’s real GDP rose 4 percent for all of 2010

The Slovak Statistic Office on March 3 reported its flash estimate of GDP growth saying the pace of growth in the Slovak economy slowed in the fourth quarter of last year at 3.5 percent, the SITA newswire wrote.

The Slovak Statistic Office on March 3 reported its flash estimate of GDP growth saying the pace of growth in the Slovak economy slowed in the fourth quarter of last year at 3.5 percent, the SITA newswire wrote.

The Statistics Office report specified the pace of real growth in GDP fell from 3.8 percent in Q3 to 3.5 percent in Q4. Year-on-year, fourth quarter GDP grew by 0.9 percent after seasonal adjustment. For all of 2010, Slovakia’s GDP increased year-on-year in fixed prices by 4 percent.

The main power behind the Q4 economic growth were investments and net exports and UniCredit Bank analyst Vladimír Zlacký also noted somewhat surprising positive growth in household consumption of 0.5 percent year-on-year in the fourth quarter.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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