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Slovak National Bank Cuts Economic Forecast
In January 2013, Národná banka Slovenska (NBS) revised the NBS Medium-Term Forecast published in December 2012 (MTF-2012Q4).
Slovak National Bank Cuts Economic Forecast / Picture: © NBS National Bank of Slovakia
This is the first time that NBS has revised its quarterly MTF outside the official forecasting process; it did so as part of its activities related to the Committee for Macroeconomic Forecasts, which under the new Constitutional Act on Fiscal Responsibility is required to produce a macroeconomic and fiscal forecast by 15 February. Consequently, NBS is to publish a revised forecast…
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