Slovakia Economic Outlook
April 30, 2018Economic activity is expected to have expanded healthily in the first quarter. The industrial sector had a weak start to 2018, but this was likely due to temporary factors, mirroring industrial sectors across the Eurozone. Moreover, growth in bank loans slowed somewhat in the first two months of the year, although it remained solid. Consumer spending, however, was robust in January and February, underpinned by strong wage rises and tightening labor market conditions. That said, the political scenario remains turbulent. Further anti-corruption protests took place after Prime Minister Robert Fico stepped down in mid-March, leading to the resignation of the interior minister and the chief of police. If protests persist, they could jeopardize the stability of the current government.
Slovakia Economic GrowthThe economy is expected to expand at a solid pace this year. Favorable financing conditions and rising inflows of EU funds will buoy fixed investment, while solid wage growth and a healthy labor market will spur consumer spending. Moreover, prudent fiscal policies together with a robust economy will keep the fiscal deficit under control, and the public debt-to-GDP ratio set firmly on a downward path. The main downside risk continues to stem from protracted political turbulence, which could impact investor confidence. Met the why particular panelists project GDP will expand 3.7% in 2018, up 0.1 percentage points 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.
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|Bond Yield||0.32||-4.12 %||May 16|
|Exchange Rate||1.18||0.65 %||May 16|
|Stock Market||330||0.0 %||May 16|
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Slovakia Economic News
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.
April 13, 2018
Consumer prices increased 0.2% month-on-month in March, matching February’s print.
April 11, 2018
Industrial production grew 1.1 % year-on-year in February, half of January’s 2.2% expansion.