BRATISLAVA, April 20, (WEBNOVINY) — Slovakia will likely remain among leaders of new EU members (EU 10) in economic growth. This stems from a study of the World Bank, according to which Slovak economy should grow by 4.1 percent this year and by 4.3 percent next year. This year, only Lithuania should grow at a faster pace of 4.3 percent, and next year Romania should be ahead of Slovakia with a 4.4-percent growth.
According to the World Bank’s estimates, Slovak economy will overstep the pre-crisis level in 2011, when already last year the economic output achieved 99 percent of the pre-crisis levels. Compared with other EU 10 members, only Poland is ahead of Slovakia in this comparison. Poland has avoided a recession during the crisis due to strong local demand.
On the whole, the pace of economic recovery in countries which entered the EU in 2004 differs. “The performance of Slovakia and Poland is set to remain solid thanks to low pre-crisis imbalances, deep integration into European production networks, EU funds, and, in the case of Poland, solid consumption“, the report states.
SITA
