BRATISLAVA, October 25, (WEBNOVINY) — Banks’ prognoses regarding the economic development of Slovakia this year and next year has not changed in October from the previous month. According to the regular survey of the National Bank of Slovakia among analysts of commercial banks in October, they still estimate a 4.1 percent growth of gross domestic product (GDP) this year, and a 3.6 percent growth next year. Their estimates have not changed from September. Analysts have kept on hold their outlook of economic growth in the third quarter of this year at 4.2 percent.
The bank analysts have, however, moderately revised their estimates regarding the growth of consumer prices. They should grow at a slower pace than they prognosticated a month ago. Harmonized inflation is expected to reach 1.5 percent this year, down 0.2 points from September, while next year it should represent 3.7 percent, down 0.1 point. Inflation measured according to the national methodology has been revised downward from 1.8 percent to 1.6 percent and next year from 3.9 percent to 3.8 percent. In October alone, analysts expect the consumer prices to grow 1.1 percent according to the EU methodology and 1.2 percent in line with the national methodology.
Banks‘ prognoses of this year’s economic growth in October are similar to those of the central bank and the Finance Ministry. The central bank estimates this year’s growth at 4.3 percent. The Finance Ministry expects the economy to achieve growth of four percent. In 2011, the central bank’s prognoses are set at 3 percent and the Finance Ministry’s at 3.3 percent.
SITA
