Spectator on facebook

Spectator on facebook

NBS predicts slower economic growth for Slovakia

The National Bank of Slovakia (NBS), Slovakia’s central bank, has heavily revised its prediction for the country’s economic growth next year. While the previous prediction foresaw a rise of 3.8 percent, the latest prognosis predicts growth of 2.3 percent, the SITA newswire reported.

The National Bank of Slovakia (NBS), Slovakia’s central bank, has heavily revised its prediction for the country’s economic growth next year. While the previous prediction foresaw a rise of 3.8 percent, the latest prognosis predicts growth of 2.3 percent, the SITA newswire reported.

“The deceleration of economic growth will continue in 2012, mostly due to declining foreign demand,” said NBS governor Jozef Makúch, as quoted by the TASR newswire, adding that lower demand is likely to affect the country’s economy mostly in the first and second quarters of next year.

The latest prediction has confirmed the expectations of bank analysts as well as other financial institutions which had stated that the country could not expect to see continued strong economic growth given the current situation on financial markets, according to SITA.

Growth is estimated to increase slightly in 2013, provided that the financial crisis does not deepen. However, the NBS is now predicting only 3.5-percent growth in 2013 instead of its previous 5.1 percent forecast, TASR wrote.

Source: SITA, TASR

Compiled by Radka Minarechová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

It takes nuts to help Kenyans

Slovakia has provided more than €10 million to the Kenyan people since 2005.

Muruku slum in Naorobi

Lack of experts challenges ICT sector

To maintain the competitiveness, the Slovak government must support digitising the economy and take a positive stance towards the ICT sector, according to experts.

Illustrative stock photo

Our exit from the EU will not weaken our links

The UK has no intention of undermining the stability of the EU, nor do we want to become more distant to our European neighbours, including those here in Slovakia, the ambassador writes.

Flags displayed on a tourist stall, backdropped by the Houses of Parliament and Elizabeth Tower containing the bell know as Big Ben, in London.

Roma civil patrols will continue

The Interior Ministry allocated €10 million for the project.

Roma patrols in Veľká Lomnica.