Slovakia: Economic Forecasts Improves

BusinessEconomy ♦ Published: September 21, 2013; 13:20 ♦ (Vindobona)

The economic perspective for Slovakia remains rather gloomy. In 2014, Slovakia´s economy will reach the turnaround.

Slovakia: Economic Forecasts Improves / Picture: ©

According to the Slovak Ministry of Finance, the economic growth rate will come at 0.8% this year. In the prior forecast, the Ministry of Finance projected a growth rate of 0.5%. The main reasons for the slight improvement are the growth in household consumption and exports to EU countries. Like other smaller and open countries in Central and Eastern Europe, Slovakia´s main growth…