Growth of Slovak economy in 2016 surprises analysts

Growth of Slovak economy in 2016 surprises analysts

The 3.1 percent growth rate of the Slovak economy at the end of last year is a pleasant surprise for analysts. The completion of projects financed with money from the European Union had a strong effect on the dynamic of GDP growth in Slovakia, according to preliminary data from the Statistics Office. In addition to this, Slovak industry re-launched production in the fourth quarter of last year after summer shutdowns, benefiting from extreme rapid growth in demand, particularly in Europe.

Anca Dragu, Photo: AP/TASR

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