-Real GDP growth reached 8.7% y/y in the first quarter of 2008, according to a flash estimate of Slovak Statistical Office, outpacing our and market expectations (our estimate was at 7.0% and we belonged to the more pessimistic side of the market, which expected on average growth at 7.6% according to NBS poll and 8.5% according to later released Reuters poll). The employment growth stood at strong 2.7% y/y. -The Stats Office did not comment on the GDP growth structure this time; we assume that

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