National Bank of Slovakia - Annual Report 2004
One of the most significant is the growing interest in foreign direct investment. It was Slovakia's growing investment attractiveness which became a driving force behind last year's economic growth of 5.5%, which was 1 percentage point higher than in 2003. Hand in hand with the investment demand, renewed growth in final household consumption, resulting from real wage increases, better access to lending sources and partly also the tax reduction contributed to this economic recovery. Conversely, the increase in the net export deficit had a moderately dampening effect on the economy. This however was related to production technology imports connected with foreign direct investments.
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