Slovakia's annual economic growth accelerated to 0.9% in the third quarter of 2013 from a revised 0.8% yearly rise in the previous three months, flash estimates of the statistics office showed. On a seasonally-adjusted basis, the Q3 gross domestic product (GDP) grew by 0.7% y/y and by 0.2% q/q, compared to a seasonally-adjusted 0.7% annual growth and a 0.3% quarterly rise in Q2. The volume of the GDP at current prices reached EUR 18.996bn in Q3, up 1.1% from a year ago. The statistics office said it would publish more detailed GDP figures on December 4.
IntelliNews comment: Slovakia’s economy grew 2% last year, achieving one of the highest growth rates in the EU, thanks to a record increase in the production and export of cars, while the rest of the economy stagnated. Economic growth this year will likely ease to slightly below 1% as foreign demand is expected to remain soft, in line with a slowdown in the eurozone, the country’s main trading partner. Household consumption, which has been a major drawback to Slovakia’s export-driven economic growth in 2010-12, is seen staying subdued amid persistently high unemployment.
|GDP, constant prices||Q4 2012, y/y change||Q1 2013 y/y change||Q2 2013 y/y change||Q3 2013 y/y change||Q4 2012, q/q change||Q1 2013, q/q change||Q2 2013, q/q change||Q3 2013, q/q change|
|Source: Satistical Office of the Slovak Republic|
Slovakia's National Criminal Agency (NAKA) have taken Italian businessman Antonino Vadala and six other people in for interrogation following the mafia-style assassination of journalist Jan ... more
A survey has found that most Czechs remain positive towards Europe, with 54% of respondents saying they would like to stay in the European Union and 34% stating they would be in favour of a ... more
An explosion at the site of Austrian OMV’s Baumgarten natural gas hub has interrupted gas transit to Italy, Slovenia and Hungary, the Austrian government’s electricity and gas markets regulator ... more