Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Growth prognosis lowered (CORRECTED VERSION)

BANK analysts have slightly corrected their economic growth prognosis for this and next year. While in October they expected the economy to grow at 0.9 percent, they now say it will grow by 0.8 percent in 2013. The prognosis for 2014 says that the economy will grow at 1.9 percent, down by 0.2 percentage points compared to October’s expectations. In July, they forecast the economy would grow by 2.3 percent in 2014, the SITA newswire reported on November 26, citing the regular monthly survey of the National Bank of Slovakia (NBS), the country’s central bank, for November.

BANK analysts have slightly corrected their economic growth prognosis for this and next year. While in October they expected the economy to grow at 0.9 percent, they now say it will grow by 0.8 percent in 2013. The prognosis for 2014 says that the economy will grow at 1.9 percent, down by 0.2 percentage points compared to October’s expectations. In July, they forecast the economy would grow by 2.3 percent in 2014, the SITA newswire reported on November 26, citing the regular monthly survey of the National Bank of Slovakia (NBS), the country’s central bank, for November.

In addition to lower economic growth predictions, analysts have also slightly changed their prognosis for the rise in consumer prices. Harmonised inflation should stand at 1.1 percent at the end of this year, with inflation - measured using the national methodology - achieving 1 percent, down by 0.2 percentage points in both cases compared with October’s prognosis.

For 2014 commercial banks expect prices to grow by 2 percent, with harmonised inflation standing at 2.1 percent. In both cases it is 0.1 percentage points less than October’s prediction, SITA wrote.

Top stories

Wooden toothbrushes prompt small-scale industrial revival in Bratislava Photo

To begin with, young enthusiast Roman Kovács just wanted to change his local environment for the better, and to help people.

Roman Kovács wants to renew production of wooden toothbrushes in Bratislava.

Blog: HR Marketing: Not everybody can be Google!

It is important to know who your target audience is and the position you aspire to achieve as an employer on the market.

Illustrative stock photo

The idea of Slovakia

What does this country stand for? Slovaks could – and should – shout a little louder about what they have achieved, and where they want to go.

D1 highway, illutsrative stock photo

Amazon chose Slovakia for its top returns centre Photo

The online retainer lures its future workers by wages and benefits.