Spectator on facebook

Spectator on facebook

Finance Ministry reduces GDP growth estimate for 2012 by 1 percentage point

After releasing a revision of its macroeconomic prognosis on August 26, the Finance Ministry admitted that this slower economic growth will result in revenue shortfall to the state exceeding €200 million.

After releasing a revision of its macroeconomic prognosis on August 26, the Finance Ministry admitted that this slower economic growth will result in revenue shortfall to the state exceeding €200 million.

In the latest document, the authority reduced its GDP growth outlook for next year by 1 percentage point to 3.4 percent, the SITA newswire wrote. Prognoses for the following years were revised downward as well. The GDP growth estimate for 2013 was reduced by 0.5 percentage points and the 2014 prognosis was reduced by 0.3 percentage points to 3.9 percent. The ministry also cut the estimate for this year from the 3.6 percent predicted in June to 3.3 percent.

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.

Top stories

Quidditch becomes reality in Slovakia as first teams emerge Video

The wizard sport, fighting for its status in the real sports world, has won the hearts of some Slovaks.

Top stories from Last Week in Slovakia Video

Voters’ indifference affects regional votes - Can Slovaks be lured back from Britain? - Petit Press majority owner dies

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between October 20 and October 29, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

International Halloween Party

Babiš did not re-write the past

Constitutional Court decided in favour of National Memory Institute which included Andrej Babiš in its list of communist secret service confindants.

Slovak-born Czech Finance Minister Andrej Babiš