BRATISLAVA, November 15, (WEBNOVINY) — The latest Statistics Office’s data show that expectations of gradually slowing dynamics of the Slovak economy are becoming reality. According to a flash estimate of the statistics authority, the country’s GDP grew 2.2 percent y/y in the third quarter of this year while the growth reached 2.6 percent in the previous quarter. Net of seasonal influences Slovakia’s GDP surged 2.5 percent versus the third quarter of 2011. The Slovak economy grew 0.6 percent compared with the second quarter, which is the same dynamics as in the previous quarter.
At current prices, GDP of EUR 18.897 billion was generated in the third quarter of this year, accounting for an increase of 3.8 percent from the same quarter of last year. The Statistics Office will publish revised GDP figures for the second quarter of this year on December 6.
A regular survey of the central bank shows that bank analysts expected the y/y real economic growth to slow to 2 percent in the second quarter while they expect an overall 2.3-percent economic growth for 2012. The Slovak economy grew 3.3 percent in 2011, which is a slowdown from 4.2 percent in 2010. Slovakia’s GDP grew by 3.4 percent over the last quarter of 2011.
SITA