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Slovak GDP posts third quarter growth

The Slovak economy kept growing in the third quarter of 2012. It grew by 0.6 percent in July-September, maintaining the same quarter-on-quarter growth rate as in the second quarter, seasonally adjusted. But the year-on-year comparison shows a slow-down, with growth decreasing from the second quarter’s 2.6 percent to 2.2 percent in the third quarter, the Slovak Statistics Office (ŠÚ) revealed in a flash estimate that it published on Wednesday, November 14.

The Slovak economy kept growing in the third quarter of 2012. It grew by 0.6 percent in July-September, maintaining the same quarter-on-quarter growth rate as in the second quarter, seasonally adjusted. But the year-on-year comparison shows a slow-down, with growth decreasing from the second quarter’s 2.6 percent to 2.2 percent in the third quarter, the Slovak Statistics Office (ŠÚ) revealed in a flash estimate that it published on Wednesday, November 14.

The flash estimate, as quoted by the SITA newswire, is in line with the forecasts of bank analysts, although they actually predicted an even greater slowdown, to 2 percent. The ŠÚ will reveal the structure of GDP growth in early December.

The GDP of the eurozone shrank quarter-on-quarter in the third quarter of 2012 by 0.1 percent, while the economy of the whole European Union grew by 0.1 percent against Q2. The data were part of a flash estimate by the EU’s statistics office, Eurostat, published on Thursday, November 15.

Sources: SITA, TASR, ŠÚ

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

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