GDP may rise by 3.4 percent

Growth should exceed 3 percent also in 2017.

The National Bank of SlovakiaThe National Bank of Slovakia (Source: Sme)

The prognoses of banking analysts for this year’s economic growth have slightly improved. They predict that the gross domestic product will rise by 3.4 percent, the October survey carried out by the National Bank of Slovakia (NBS), the country’s central bank, revealed. The prognosis is thus 0.1 percentage points higher than in September, the SITA newswire reported.

The analysts also improved their expectations for growth in 2017, by 0.1 percentage points to 3.1 percent.

In addition, they changed their expectations for consumer prices development. While in September they predicted prices to be lower by 0.1 percent year-on-year in late 2016, now they say the prices will stagnate, both according to the national methodology and the harmonised index.

As for next year, they expect inflation measured by the harmonised index to stand at 1.5 percent, which is 0.1 percentage points more than in September. The expectations for inflation, measured by the national methodology, for next year remains unchanged, at 1.4 percent, SITA reported.

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