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Slovak GDP Fall Slows In Q2

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Wednesday, the Statistical Office of the Slovak Republic said the gross domestic product at constant prices dropped 5.3% year on-year in the second quarter, after a 5.6% fall in the preceding quarter. At current prices, GDP fell 6.5%.

Gross capital production decreased 25.4 %, while exports and imports of goods and services fell 20.5% and 21.9% respectively. However, final consumption of public administration increased 5.9%, while final consumption of households rose 0.7 %.

In the first half of the year, the GDP fell 5.5% at constant prices and by 6.3% at current prices compared to the same period last year.

(Market News Provided by RTTNews)

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