Spectator on facebook

Spectator on facebook

EBRD slashes its 2012 growth forecast for Slovakia

The European Bank for Reconstruction and Development (EBRD) is forecasting slower economic growth for central and eastern European countries, the SITA newswire reported on Tuesday, October 18. The region, which has strong ties to the eurozone, is now expected to witness a considerable slowdown in economic growth, according to the bank’s revised GDP growth estimates. The most severely affected economies are forecast to be those of Slovakia and Hungary.

The European Bank for Reconstruction and Development (EBRD) is forecasting slower economic growth for central and eastern European countries, the SITA newswire reported on Tuesday, October 18. The region, which has strong ties to the eurozone, is now expected to witness a considerable slowdown in economic growth, according to the bank’s revised GDP growth estimates. The most severely affected economies are forecast to be those of Slovakia and Hungary.

The EBRD predicts that Slovakia’s economy will grow by just 1.1 percent in 2012. In July it was predicting growth in 2012 of 4.1 percent. According to the current prognosis, Slovakia's economy will grow by 3.1 percent this year, down from the 3.7-percent forecast made in July. Hungary’s, predicted growth was reduced to 1.1 percent for this year and to 0.5 percent for next year.

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

Voters don’t understand self-governing regions

Rules for regional elections change, which may bring some surprising victories.

One of the biggest fights is expected in Banská Bystrica Region.

Sagan rewrites history Video

Cyclist Peter Sagan becomes the first man to win three consecutive world championships. He allegedly did not expect it and was easy with the idea he would not win.

Ballet legend Sergei Polunin will be guest of SND

The world-renowned personality of contemporary ballet will present two choreographies at the Slovak National Theatre in September.

Sergei Polunin

Blog: Why did I come here?

A group of teachers and students from the Bratislava-based school gathered to support their friend, colleague, and fellow foreigner, as she had already tried four times just to get in the door of the foreign police.

Queue in front of the foreigners' police department in Bratislava.