RTTNews - Wednesday, the Statistical Office of the Slovak Republic said in a report that the gross domestic product or GDP at constant prices decreased 5.6% year-over-year in the first quarter, revised from the 5.4% drop reported initially. In the fourth quarter, the GDP was up 2.5%.

The GDP at current prices declined 6.1% in the first quarter, revised from 5.9% estimated in the preceding report.

Meanwhile, the total employment decreased 1.9% to 1.87 million persons in the first quarter

Separately, the statistical office announced its forecasts for 2009. The agency sees a GDP decline of 3.5% this year, while the jobless rate is seen at 11.2%. Inflation rate for the year is expected to be 2.2%.

For comments and feedback: contact editorial@rttnews.com