The Slovak economy is expected to revive as soon this winter when National Bank of Slovakia expects growth of 2.4 percent for the whole of 2010, with a further boost of 4.1 percent in 2011.
According to Finance Minister Ján Počiatek, the ministry tried to make as conservative a prognosis as possible. The real development of the country's economy could still turn out to be better than expected by the ministry at the moment. The finance ministry painted an alternative scenario and it expects a revival of the economy next year, when it should grow by 1.1 percent. Subsequently, the growth should accelerate and reach 3.4 percent in 2011 and 4.8 percent in 2012, the finance ministry predicts.
In these times of negative GDP numbers that are becoming the norm this is indeed welcome news.