Ministry of Finance of the Slovak republic, Štefanovičova 5, 817 82 Bratislava, IČO: 00151742. www.mfsr.sk

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New macro forecasts put Slovak 2012 growth at 1.7% with the negative impact on public finances at 0.9% of GDP

Turbulences in financial markets and the resulting uncertainty worsen the economic outlook of the Eurozone, including Germany, which will inevitably affect the Slovak economy. The German economic growth is expected post a mild recession in 4Q11-1Q12. IFP has therefore again revised its forecast of GDP growth in Slovakia in 2012 downwards to 1.7%. The slowdown is more pronounced this time and will therefore have an impact on the Slovak labor market. This will mean a negative shortfall of 0.9% of GDP for the public finances in 2012.

The forecast can be found here.

 

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Ministry of Finance
of the Slovak republic

Štefanovičova 5
P. O. BOX 82
817 82 BRATISLAVA
IČO: 00151742

+421 2 5958 1111
podatelna@mfsr.sk

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