National Bank Points to Shaky Financial Stability

According to the latest report from the National Bank of Slovakia (NBS), financial stability in Slovakia is being jeopardised by uncertainty in export markets and the shaky situation in domestic politics.

National Bank of Slovakia (c) Frettie

The Report on Financial Stability for 1H 2011  published today by the NBS states that the decline started back in 2Q, compared to more positive economic development in 1Q, when growth was posted in most sectors of industry, reports TASR newswire.

The report also states that Slovakia can expect to see worse conditions for the domestic economy due also to the cumulative macroeconomic imbalances in the eurozone.

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