Macro - Country Economic Forecasts - Slovak Republic

Macro - Country Economic Forecasts - Slovak Republic



We have raised our 2024 GDP growth forecast for Slovakia by 0.5ppts to 2% to reflect an upside growth surprise in Q1 and upward revisions to historical data that created stronger base effects. The economic growth remains solid, but we still see shaky fundamentals, particularly in households' balance sheets, and the need for fiscal consolidation keeps growing. As such, we expect the stronger 2024 GDP result will detract from 2025 growth, which we now forecast at 2%.


Slovakia: Strong growth belies Economic fundamentals
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
medium-term outlook
Economic risk
Economic risk evaluation
risk warnings
What to watch out for
Exposure to Key global risks
Background
Economic development
Structure of the economy
Balance of payments and Structure of trade
Politics and Policy

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