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Slovak FinMin cuts GDP growth outlook for 2008-2010.
(From Czech News Agency)
Bratislava, Nov 4 (CTK) - Slovak Finance Ministry in its latest forecast cut GDP growth outlook for this year as well as for the two following years, and in 2008, GDP growth should slow to 7 percent against the previous estimate at 7.7 percent. The ministry puts GDP growth for next year at only 4.6 percent, nearly 2 percentage points less than expected thus far. Growth in real wages should slow down as well, while unemployment will probably grow. In its previous forecast, the ministry expected GDP growth to slow to 6.5 percent next year. Several economists have already cut their GDP growth estimates owing to the global financial crisis. The …
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