National Bank Announces Positive Economic Growth

On Friday the National Bank of Slovakia (NBS) announced that the improvement in economic growth and employment in 1Q 2011 has been better than it projected.

photo: Frettie

The NBS quoted GDP growth at 1% quarter-on-quarter and 3.5% year-on-year, while putting the growth down chiefly to positive foreign trade figures.

The NBS also noted rising employment and salaries, but with no growth in retail receipts or consumer trust, in which the central bank registers a downward trend.

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