Slovakia: Economic Growth Still Strong

BusinessEconomy ♦ Published: December 6, 2012; 14:28 ♦ (Vindobona)

A year-on-year economic growth was recorded in the SR in the third quarter of this year too, however, the dynamics of the growth moderated at constant prices to 2,1 %.

Slovakia: Economic Growth Still Strong / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]

After data revision, the GDP increased by 2,9 % in the 1st quarter and by 2,6 % in the 2nd quarter. In quarter-on-quarter comparison (the 3rd quarter compared with 2nd quarter), the volume of GDP increased really by 0,6 % after seasonal adjustment. In absolute terms, the GDP amounted to € 18 879m and it rose, year-on-year, by 3,7 % at…