Slovakia will experience two years of non growth according to the latest World Bank Forecast

The World Bank report forecasts that Slovakia's economy will grow by 5.5% in 2011 after a GDP loss of just over 2% in 2009 and a gain of 2% in 2010.

In effect, this means that Slovakia will experience two years of non growth - in 2009 and 2010 - before returning to strong growth of 5.5% in 2011. This is incomparison with a growth of 6.4% in 2008, the year before the credit crunch hit.

Meanwhile, with falling prices, the world bank forecasts a 4.4% GDP growth - at market prices - for 2009 and 3.8% for 2010 followed by a substantial 9.6% in 2011.

This places Slovakia at the top of the league for European economies for the next few years, beating Poland and Czech over the three year period.