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NBS: Prediction for Slovakia similar to ECB's estimates - slower economy

The medium-term forecast of the Slovak central bank (NBS) will be similar to the recently-published prognosis of the European Central Bank (ECB), especially in terms of the deceleration of economic growth, reads a document presented to a cabinet session on Wednesday, September 14, by NBS governor Jozef Makúch.

The medium-term forecast of the Slovak central bank (NBS) will be similar to the recently-published prognosis of the European Central Bank (ECB), especially in terms of the deceleration of economic growth, reads a document presented to a cabinet session on Wednesday, September 14, by NBS governor Jozef Makúch.

The ECB expects that due to slower economic growth, especially in the US, demand for exports from the eurozone will be curtailed, the TASR newswire wrote. In addition, indicators of economic confidence went down significantly in August in almost all economic sectors in connection with the debt crisis. Labour market indicators also witnessed negative trends.

Source: TASR

Compiled by Zuzana Vilikovská from press reports
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