Arab Today, arab today slovakia sees economic slowdown in q1
Last Updated : GMT 17:06:27
Arab Today, arab today
Arab Today, arab today

Slovakia sees economic slowdown in Q1

Arab Today, arab today

Arab Today, arab today Slovakia sees economic slowdown in Q1

Slovakia flag
Bratislava - XINHUA

Slovakia's economy grew by 3.3 percent in the first quarter of 2016, the Slovak Statistical Office said on Friday.

The growth of the Slovak economy slowed down in the beginning of the year in line with expectations.

"This was mostly because of the conclusion of public investments financed under the previous EU funds budgeting period 2007-13, with a two-year lag built in to accommodate gap between approval and implementation," said UniCredit Bank Czech Republic and Slovakia analyst Lubomir Korsnak.

A more detailed structure of the GDP will be published in June.

"We expect the domestic demand to continue serving as the main driving force of the Slovak economy, even though investments have likely dropped significantly in comparison to the dynamic growth of the past year," said Slovenska Sporitelna analyst Katarina Muchova.

Another factor fueling growth via household consumption is also the development on the labor market, analysts said. Household consumption continued its dynamic growth for the consecutive ninth quarter, which was reflected in the growth of retail revenues and particularly the sales of automobiles.

"The consumption was driven by the improvement of the labor market, growth in real incomes as well as lower energy charges, which untied resources for additional consumption," pointed out J&T Banka analyst Stanislav Panis.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today slovakia sees economic slowdown in q1 Arab Today, arab today slovakia sees economic slowdown in q1

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today slovakia sees economic slowdown in q1 Arab Today, arab today slovakia sees economic slowdown in q1

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday