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.
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