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Slovak economy may contract this year --Fico.

Europe Intelligence Wire

| March 31, 2009 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Czech News Agency)

Adds more info in para 9, last 2 paras -------------------- Bratislava, March 31 (CTK) - Slovak GDP may fall in a year-on-year comparison this year, Prime Minister Robert Fico indicated to journalists after a meeting of the Council for Economic Crisis today. Several commercial banks already reckon on the fact that the economy will shrink, and the Finance Ministry as well as the National Bank of Slovakia (NBH) have already admitted they may revise their GDP forecasts downward. GDP in eurozone countries is expected to fall by 3 percent on average this year, Fico said. "The Slovak Republic, when we take into account even the most pessimistic …

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