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Slovakia: Government Warns of Economic Slowdown

Published: February 1, 2013; 16:07 · (Vindobona)

This year, Slovakia´s government expects lower growth rates than in 2012. Besides that, the austerity pressure is growing.

Slovakia: Government Warns of Economic Slowdown / Picture: © Vindobona.org

In 2013, the Slovak economy will only grow by 1.2%, the government said. Against the prior forecast, this is a substantial downward correction. In autumn, the government said to anticipate a growth rate of 2.1% in 2013. According to NBS (National Bank of Slovakia), the estimated economic growth rate comes at 1.3%.

As a result, domestic consumption slackens. This year, real wages…

This article includes a total of 214 words.

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