Improved growth prognosis
The European Bank for Reconstruction and
Development (EBRD) has revised its 2011 economic
growth prognosis for quickly-growing economies in the
CEE region upwards, including Slovakia’s forecast. The
bank projects the increase in economic activity of the
entire region at 4.2 %. Slovakia’s economy is to firm
by 3.7 % compared to 3.5 % prognosticated in October
2010.
Record low price growth
During the crisis Slovakia saw two years with the
lowest growth in prices in its history. In 2010 prices
even grew slower than in the euro-zone. The average
harmonized inflation rate from January to December
came to 0.7%, informed the statistics office SU. In
December prices grew by 1.3% y/y according to EU
methodology, which is 0.3 percentage points faster than
the annual growth in November.
Source:SARIO
