Ernst & Young: SK to grow by 3 per cent this year
The Slovak economy should grow more than three times faster than the Eurozone economy this year. The quarterly economic forecast by Ernst & Young indicates this. According to this forecast, the real…
The Slovak economy should grow more than three times faster than the Eurozone economy this year. The quarterly economic forecast by Ernst & Young indicates this. According to this forecast, the real GDP growth could reach 3 % this year whereas the Eurozone as a whole should grow by approximately 0,8 %. “The Slovak economy started off the year 2010 with a sharp increase and the strong growth should continue,“ says Ernst & Young report. It also talks of risks: outlook of the foreign trade demand which is interrelated with the Slovak economy, fast growth of salaries which may threaten its competitiveness and the continuing high unemployment. Ernst & Young forecast economic growth in Slovakia of 4 % in 2011, 5,1 % in 2012, the same in 2013 and 4,3 % in 2014.