Slovakia´s Growth Still Driven by Exports

BusinessEconomy ♦ Published: October 5, 2012; 18:40 ♦ (Vindobona)

The industrial sector still shows dynamics. However, government spending and consumption is falling further.

Slovakia´s Growth Still Driven by Exports / Picture: ©

In the second quarter of 2012, the Slovak GDP increased by 2.8% compared to the reference period of 2011. Thus, the economic growth rate exceeded the estimations of the Slovak National Bank. However, the growth rate reached 3.0% in the first quarter. In the second quarter, economic growth (quarter-on-quarter) grew by 0.7%.

In August, the inflation came at 3.8%. Against the…