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

Dual quality in the EU will be punished

Slovakia’s Agriculture Ministry welcomed the change, calling it a victory.

Food prices keep falling.

Blog: Bringing top business minds and students together

Martin Kardoš of CSI Leasing introduces the Mentor Network Program aimed at pairing young talents with experienced mentors from the business world.

Martin Kardoš, Managing Director CEE at CSI Leasing, at one of the Mentor Network Program events.

Blog: What about parking slots for “brains”?

Will the state of biomedical research trigger reactions at least half as passionate as Bratislava's parking policy?

Illustrative stock photo