BRATISLAVA, February 22, (WEBNOVINY) – In the last quarter of last year, the Slovak economy grew slower than the central bank had expected. In contrary, it expected the development of employment, which rose 0.5 percent, states the National Bank of Slovakia in a rundown of the monthly development.
As expected, the growth pace of Slovak economy in the last quarter of 2010 slowed further. According to a flash estimate of the Statistics Office, real economic growth over the last three months of last year reached 3.5 percent, which was 3.8 percent in the previous period.
In Q4 of last year, gross domestic product worth EUR 17.019 billion was formed. This meant an increase of 4.5 percent y/y in current prices. Net of seasonal influences, the volume of generated GDP in constant prices reached EUR 12.615 billion, up 3.4 percent from a year ago. In all of last year, the gross domestic product swelled 4 percent in constant prices and 4.5 percent in current prices, according to the flash estimate.
