Slovakia's economy grows 0.6pc in 3Q
European Commission expects Slovakia to be the fastest-growing Eurozone economy this year
Slovakia's economy grew by 0.6 per cent in the third quarter from output in the second quarter which rose by 0.7 per cent, an official estimate showed on Thursday.
On a 12-month basis, growth slowed down to an unadjusted 2.2 per cent between July and September, after expanding 2.8 per cent in April-June, the Slovak Statistics Office said.
The revised data will be published on December 6, statisticians said.
The European Commission
expects Slovakia to be the fastest-growing Eurozone economy this year, with output at 2.6 per cent as the 17-member single-currency bloc as a whole contracts by 0.4 per cent.
Slovakia's economy is heavily dependent on car and electronics production and exports, notably to Germany.
The Slovak finance ministry has forecast a 2.5-per cent expansion this year. An ex-communist country of 5.4 million people that joined the European Union in 2004 and the Eurozone in 2009, Slovakia grew by 3.3pc last year, slower than the 2010 pace of 4.2 per cent.