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Slovakia's economy slightly up in Q4

Figures

Photo by Feng Yu / Shutterstock.com

Slovakia's gross domestic product (GDP) advanced by 1.4% year-on-year in the fourth quarter of 2021, following a 1.3% growth in the previous three-month period and compared with market expectations of a 1.3% rise, a preliminary estimate showed.

The slight expansion of the Slovak economy was driven by domestic demand and a sharp rise in prices at the end of the year, said the Bratislava-based Slovak Statistical Office (SÚSR) on Tuesday.

On the production side, growth was supported mainly by manufacturing of machinery and equipment, land transport and transport via pipelines, and warehousing and support activities for transportation.

On a seasonally adjusted quarterly basis, the economy expanded 0.3%, easing from a 0.4% rise in the third quarter of 2021.

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