Bloomberg News

Slovak Bank Raises 2012 GDP Outlook as Economy Weathers Crisis

June 12, 2012

The Slovak central bank revised its forecast for 2012 economic growth to 2.5 percent from the 2.1 percent predicted three months ago as the economy weathers the euro-region debt crisis better than expected.

Narodna Banka Slovenska also revised its projection from March 27 for growth 2014 to 4.3 percent, Renata Konecna, the head of the bank’s monetary-policy department, said today at a news conference in the capital, Bratislava. The bank left its outlook for 2013 at 3.1 percent. In its previous forecast it predicted growth of 4.2 percent for 2014.

Average inflation will probably reach 3.5 percent this year, compared with a previous estimate of 2.9 percent. Average price growth is set to slow to 1.7 percent in 2013 before accelerating to 1.9 percent in 2014, Konecna said.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus