Seeing Off The Competition

May 2005
Emerging Europe Monitor: Central Europe & Baltic States;May2005, Vol. 12 Issue 5, p1
Country Report
Country Report
This article offers update on the economic performance of Slovakia as of May 2005. Slovakia has retained its position as the fastest-growing economy in 2004. Business Monitor International foresees economic growth in Slovakia as exceeding that of the wider region throughout the forecast period. It vindicates the government's economic program and business environment reform and aggressive pursuit of foreign direct investment. Gross domestic product data for the fourth quarter of 2004 that were released by Slovak Statistical Office in early March 2005 indicated an improvement in the country's economic performance. Although the external sectors has stopped driving the economy forward in 2004, the negative contribution to growth of net exports was compensated for by a recovery in domestic demand.


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