Slovakia's economic growth eased again in the second quarter, initial estimates of the Statistical Office of the Slovak Republic revealed Tuesday.
Gross domestic product increased a non-seasonally adjusted 2.7 percent year-on-year, after growing 3 percent in the first quarter. The pace of growth slowed from 3.4 percent seen in the final three months of 2011.
On a seasonally adjusted basis, GDP grew 2.9 percent annually in the second quarter, following a 3.1 percent expansion in the previous three months.
Quarter-on-quarter, the Slovak economy expanded a seasonally adjusted 0.7 percent in the three months to June, matching the pace of growth from the first quarter.
The country's employment rose an unadjusted 0.2 percent year-on-year in the second quarter versus 0.6 percent growth in the previous three months. On a seasonally adjusted basis, the employment increased 0.3 percent from the previous year, but was flat compared to the first quarter. The employment total was 2.216 million in the second quarter.
by RTT Staff Writer
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