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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Rules for hiring foreigners are simpler. For exceptions

Despite positive changes, employers still point to some barriers preventing more effective and simpler recruitment of foreign workers.

Some problems with Foreigners’ Police continue.

For a Decent Slovakia protests to resume on Friday

After a summer break, organisers of the protests that have drawn masses to Slovakia’s streets stated that their – and the citizens’ – demands are far from being met.

For A Decent Slovakia march on June 22, 2018, in Bratislava.

News isn’t negative because journalists are cynical

The problem is caused by the demand side.

What is it like to study at a foreign college? Students explain to high-schoolers

Some Slovak students who study abroad already have work offers.

Students during the workshop