Slovakia Economic Outlook
May 29, 2018Economic activity expanded robustly in the first quarter, according to a preliminary GDP estimate. Although a breakdown by components is not yet available, strong wage gains, tightening labor market conditions and solid retail sales throughout the quarter hint at healthy consumer spending. Heading into Q2, upbeat business confidence on the back of favorable demand expectations in April and May bodes well for economic activity. In late April, President Andrej Kiska appointed Deputy Interior Minister Denisa Saková, a leading figure in the ruling Smer party, as the new interior minister. Anti-corruption demonstrations have been ongoing since last March, following the murder of an investigative journalist who had exposed links between politicians and organized crime. The latest appointment of a member of the ruling party, far from meeting demands for an independent figure, could reignite tensions.
Slovakia Economic GrowthGrowth is expected to pick up this year, driven by an acceleration in fixed investment on the back of rising EU funds. Moreover, strong wage growth, inflows of foreign workers and tightening labor market conditions will buttress consumer spending. The fiscal deficit is expected to widen somewhat but remain manageable, as a robust increase in revenue will be outpaced by rising public wages and social spending. However, further political instability could hit business sentiment. Met the why particular panelists project GDP will expand 3.7% in 2018, unchanged from last month’s estimate, and 3.5% in 2019.
Slovakia Economy Data
5 years of Slovakia economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||0.21||-4.12 %||Jun 14|
|Exchange Rate||1.17||0.65 %||Jun 14|
|Stock Market||327||0.0 %||Jun 14|
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Slovakia Economic News
June 11, 2018
Industrial production expanded 4.2% year-on-year in April, strongly contrasting March’s sizeable 2.0% contraction.
June 7, 2018
The economy continued to grow at a solid pace in the first quarter, according to more complete data released by the Statistical Office of the Slovak Republic (SOSR) on 7 June.
May 15, 2018
The Slovak economy continued to grow at a solid pace in the first quarter.
May 14, 2018
Consumer prices increased 0.6% month-on-month in April, up from the 0.2% rise recorded in March.
May 11, 2018
Industrial production contracted 2.3% year-on-year in March, contrasting February’s meager 1.1% expansion.