Slovak Economic Growth to Slow Down

BusinessEconomy ♦ Published: September 18, 2012; 18:12 ♦ (Vindobona)

The Slovak Ministry of Finance cuts the GDP forecast to 2.1% in 2013.

Slovak Economic Growth to Slow Down / Picture: ©

Due to the unfavorable development in the Eurozone and the austerity measures in Slovakia, the Ministry of Finance adapts its GDP growth forecasts. In June, the Ministry expected a GDP growth rate of 2.6%. Today, the forecast was lowered to 2.1%.

From April to June, Slovakia´s economic growth decelerated slightly. Against the previous quarter, GDP was up by 0.7%. According to…