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Financial News: Slovakia GDP Growth Slows Sharply In Q2

Slovakia GDP Growth Slows Sharply In Q2

08/14/2019 - 09:16:00 (RTTNews)

(RTTNews) - Slovakia's economic growth slowed sharply in the second quarter of the year, data from the Statistical Office of the Slovak Republic showed on Wednesday.

Gross domestic product rose a non-seasonally adjusted 1.9 percent year-on-year in the second quarter, following a 3.7 percent increase in the previous quarter.

On a seasonally adjusted basis, GDP growth eased to 2.5 percent from 3.4 percent in the first quarter.

Compared to the previous quarter, GDP increased a seasonally adjusted 0.4 percent in the second quarter, following a 0.7 percent rise in the previous quarter.

Employment grew a seasonally adjusted 0.3 percent quarterly, same as in the previous three months.

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