Survey: Banks revise their GDP growth estimate up to 2.5 percent for 2014

Banker optimism continues to rise. According to a Slovak National Bank survey of analysts at commercial banks, following the May revision of GDP growth forecast for this year from 2.2 percent to 2.4 percent, in June the average forecast rose to 2.5 percent.

Banker optimism continues to rise. According to a Slovak National Bank survey of analysts at commercial banks, following the May revision of GDP growth forecast for this year from 2.2 percent to 2.4 percent, in June the average forecast rose to 2.5 percent.

The analysts also increased by one 0.1 percentage point their economic growth outlook for next year from 3 percent to 3.1 percent, the SITA newswire wrote. Banks have kept their estimate of the development of consumer prices for this year without a change. Inflation should be low, at 1.2 percent in line with the harmonised methodology.

Inflation measured by the national index is estimated at 1.1 percent at the end of the year. Banking companies have, however, revised their estimate of price growth for the next year. The original estimate of end-of-the-year harmonised as well as national inflation of 2.3 percent has been cut to 2 percent, according to the survey.

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

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

Maya expert: The world we live in is not the only one possible

Leading Slovak expert contributes to rewriting Maya history.

Milan Kováč

Theresa May at least has the courage to try

May keeps her job because nobody else is capable, or willing, to take on the impossible task of Brexit.

Theresa May

Slovakia faces an important vote: How will the country look in the next 12 years?

The quality of the Constitutional Court, the last instance of defence of constitutionality in the country, depends on its 13 judges.

Constitutional Court

Slovakia breaks record in car production, but future is electric

This year will be extremely demanding for the car industry in Slovakia.