Slovakia GDP Growth Enhances In Q4

By | February 14, 2018

Slovakia’s economic growth accelerated partially in the three months ended December, after easing in the previous quarter, preliminary data from the Statistical Workplace of the Slovak Republic revealed Wednesday.

Gdp advanced an unadjusted 3.5 percent year-over-year in the 4th quarter, just above the 3.4 percent rise in the third quarter.

During the second quarter of 2017, the rate of expansion was 3.7 percent.

On a seasonally changed basis, the economy grew at a much faster rate of 3.6 percent every year in the December quarter, following a 3.5 percent boost in the September quarter.

Quarter-on-quarter, GDP increased 0.9 percent from the third quarter, when it grew by 0.8 percent.

Data also revealed that yearly employment development for the fourth quarter was 2.2 percent, below 2.3 percent in the previous quarter.

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