NBS: Growth in Slovak economy should slow to 2.3 percent this year

Growth in the Slovak economy should slow to 2.3 percent this year and reach 2.2 percent next year, according to the Slovak central bank's (NBS) latest mid-term prediction for the final quarter of this year released on Tuesday. NBS has reduced its prediction for GDP growth for both this year and next by 0.2 percentage points. The central bank revised the estimate of GDP growth due to the weaker external environment. The domestic part of the economy has resisted negative effects so far, but consumer demand should slow the growth rate slightly in the upcoming years. "There are risks in the air that could make forecasts worse," said NBS governor Peter Kazimir.