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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
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