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Statistics Office: GDP grew by 3.3 percent y-o-y in second quarter, employment by 2.1 percent

Slovakia's gross domestic product (GDP) grew by 3.3 percent year-on-year in fixed prices in the second quarter of 2011, the Statistics Office (ŠÚ) announced in a flash estimate on Tuesday, August 16.

Slovakia's gross domestic product (GDP) grew by 3.3 percent year-on-year in fixed prices in the second quarter of 2011, the Statistics Office (ŠÚ) announced in a flash estimate on Tuesday, August 16.

If seasonal effects are stripped out, GDP grew by 3.4 percent year-on-year in the same period and by 0.9 percent when compared to the first quarter of 2011. GDP reached €17.122 billion in current prices in the second quarter, representing 5.3-percent growth y-o-y, the TASR newswire reported, quoting the ŠÚ figures.

Employment in Slovakia rose by 2.1 percent year-on-year in the second quarter to reach 2.2 million people, the ŠÚ found. After seasonal effects were taken into account, employment was up by 2 percent y-o-y, and by 0.4 percent compared to the first quarter, when employment rose 1.8 percent y-o-y after seasonal effects were taken into account.

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.

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