Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Slovak Finance Minister Sees 2012 GDP Growth of About 2%

April 18 (Bloomberg) -- Slovakia’s economy is likely to expand about 2 percent this year as the euro-area country will be affected by the slowdown in western Europe, Finance Minister Peter Kazimir told reporters in Bratislava today.

That forecast by Kazimir, who took office this month, compares with his ministry’s March forecast of 2.3 percent growth and the 3.3 percent achieved in 2011. The International Monetary Fund said yesterday that it sees Slovakia’s economy growing 2.4 percent this year.

Slovakia’s open economy is relying on exports to western countries to drive growth. Slower-than-projected expansion implies that additional measures will probably be needed to keep the 2012 budget deficit within the target of 4.6 percent of GDP, Kazimir said.

To contact the reporter on this story: Radoslav Tomek in Bratislava at rtomek@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.