Slovakia Economic progress APRIL 2008

The good news continues

  1. Slovakia passes the Lisbon treaty
  2. March HICP (due on Wednesday) should confirm that Slovakia meets the nominal Maastricht inflation criterion with a big buffer
  3. The 12-month rolling trade deficit now stands at -0.6% of GDP……the full-year 2008 trade balance could reach a surplus worth 0.2% of GDP !!!
  4. Retail sales surprised again coming in at 16.6% YoY
  5. The probability for 2008 Eurobond issuance decreased
  6. As expected, the government passed updated fiscal targets for 2008-2011
    February industrial production accelerated to 11.5% YoY

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