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

Jaguar plant in Nitra will be bigger

The carmaker plans to add a new facility and employ more people.

Jaguar Land Rover plant near Nitra is under construction

Government members met at a distance

The session had only one point on its programme: the mandate for the prime minister to meet with the French president.

It’s not easy to be friends with Fico

Will Andrej Danko take the government down with him?

Andrej Danko

Bankers adjust to customers’ habits

More people will be coming to banks for advisory.