Slovak Central Bank Sees GDP Slowing Next Year on Weak Demand

Slovakia’s central bank expects economic growth in the euro-region member to slow next year as government austerity measures damp consumption.

The bank left its forecast for 2011 growth of 3 percent unchanged from its previous estimate in September, Governor Jozef Makuch said in Bratislava, Slovakia today. The estimate for this year was lowered to 4.2 percent from 4.3 percent. Gross domestic product in 2012 is seen at 4 percent.