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Analysts predict 1.9-percent growth

Bank analysts expect that Slovakia’s economy will grow by only 1.9 percent in 2012. The forecast represents a 0.8-percentage point fall on the prediction made by seven Slovakia-based banks only a month ago, the TASR newswire reported on Tuesday, October 25.

Bank analysts expect that Slovakia’s economy will grow by only 1.9 percent in 2012. The forecast represents a 0.8-percentage point fall on the prediction made by seven Slovakia-based banks only a month ago, the TASR newswire reported on Tuesday, October 25.

As well as economic growth, inflation should also slow next year. The average estimate for inflation in 2012 is 2.7 percent, compared to a forecast 4.2 percent this year.

Meanwhile, prognoses for economic growth this year have become more optimistic, with banks foreseeing 3.1-percent growth instead of the 2.9 percent predicted a month ago, TASR wrote.

Source: TASR

Compiled by Radka Minarechová from press reports
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