Thursday, September 28, 2006

Economy: World Bank report praises Slovakia's economic growth

A World Bank report released on September 28, has said that Slovakia enjoyed remarkable economic growth and reduced unemployment in the first half of 2006 despite higher world oil prices and turbulence on international finance markets.

According to the report, Slovakia's GDP growth is driven mainly by domestic consumption rather than net exports. The World Bank's estimate of Slovak GDP growth is 6.7 percent for 2006.

The World Bank considers Slovakia to be the most stable of the Central and Eastern European (CEE) countries and the Baltic states, (EU8).