BRATISLAVA, June 25, (WEBNOVINY) – Commercial banking houses continue revising upward their outlook of economic development in Slovakia for this year. According to results of the June round of a regular survey of the National Bank of Slovakia (NBS) among bank analysts, they have revised upward their prognosis of this year’s economic growth by 0.2 percentage points from May to 2.1 percent. In the second quarter of this year, the year-on-year growth should decelerate from 3.1 percent in the first quarter to 2.5 percent. However, banks have lowered their growth estimate for next year from 2.8 percent in May to 2.4 percent in June.
The prognosis of inflation measured by the EU harmonized index of consumer prices for this year remains unchanged at 3 percent. Banks have modestly increased their inflation forecast measured by the national index by 0.1 point to 3.1 percent. Their estimate of the growth of consumer prices for 2013 has been reduced by 0.1 percentage point to 2.9 percent for both measurements.
Expectations of bank analysts continue to be more conservative than estimates of relevant Slovak institutions. The National Bank of Slovakia (NBS) and the Finance Ministry have recently revised their estimates of this year’s growth upward to 2.5 percent. However, they point out that the real development may be strongly influenced by the development in the eurozone.
SITA
