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Slovak Economic Growth to Slow Down
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The Slovak Ministry of Finance cuts the GDP forecast to 2.1% in 2013.
Slovak Economic Growth to Slow Down / Picture: © Vindobona.org
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…
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