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Europe Live Monday 20th May 2013

Slovakia: GDP increase in 2011

12th March 2012

According to the National Statistics Bureau, Slovakia witnessed a 3.3% increase in its GDP in 2011. Although figures are quite encouraging the Slovakian government has however reviewed its growth forecasts downwards for 2012. Because of the euro zone debt crisis forecasts only target 1.1% growth instead of an initial 1.7%. Moreover no recession is forecast for the year to come.

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