Slovakia possibly with fastest growing economy in EU

The Slovak economy bounced back from the 4.7% year-on-year slump in 2009, with preliminary figures from the Statistical Office SR pointing to a 4% year-on-year economic growth in 2010.

The Ministry of Finance’s Financial Policy Institute is even claiming that the Slovak economy will reach its pre-crisis maximum already in 1Q of this year. It based the claim on the 3.5% year-on-year growth in GDP in the last quarter of 2010.

The positive results keep Slovakia on track as one of the strongest growing economies in Europe. The Statistical Office SR will produce exact figures at the beginning of March.

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