BRATISLAVA, March 26, (WEBNOVINY) – With regard to this year’s economic development banking analysts are increasingly optimistic. According to regular survey carried out by the National Bank of Slovakia (NBS), banking houses increased their prognosis of this year’s growth from February’s 0.9 percent to 1.2 percent in March on average. Moreover, they expect that the economic growth will accelerate and will reach 2.8 percent in 2013.
Yet, banking analysts also predict accelerated increase in prices along with faster GDP growth According to the latest estimates, end year harmonized inflation should reach 2.8 percent while in February banks counted on slower inflation by 0.3 percentage points. Inflation measured by national methodology should reach 2.7 percent as of the end of the year while its prognosis in February was also lower by 0.3 percentage points.
Despite slight increase in expectation of the economic growth, forecasts of banking analysts remain more pessimistic than prognoses of state-run and other relevant institutions. After having reduced the growth prognosis to 1.1 percent in February, the Finance Ministry revised estimations already in March to 2.3 percent. The central bank prognosticated economic growth of 2.3 percent for this year as early as in December while it has not updated its prediction since then.
SITA
