National Bank of Slovakia Adapts GDP Growth Forecast

Business › Economy ♦ Published: September 19, 2012; 16:04 ♦ (Vindobona)

According to NBS, the Slovak economic growth is expected to reach 2.7%. This is higher by 0.2 percentage points than NBS forecasted in June.

National Bank of Slovakia Adapts GDP Growth Forecast / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

The recovery of global economic activity slowed in the first half of the year due to the protracted resolution of the euro area sovereign debt crisis. The debt crisis continues to fuel uncertainty among investors and consumers. This uncertainty is having a dampening effect on economic growth in Slovakia's main trading partners, which in turn is expected to be reflected in domestic…

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National Bank of Slovakia, GDP Gross Domestic Product, Forecasts, Economic Growth, Slovakia, Fiscal Policy, Austerity, Employment, Public Debt, Labor Market, Income, Exports, Foreign Trade, Eurozone
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