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Macro - Country Economic Forecasts - Slovak Republic

Publisher Oxford Economics
Published Dec 23, 2024
Length 7 Pages
SKU # OFE19463534

Description

Macro - Country Economic Forecasts - Slovak Republic



We estimate the Slovak economy expanded by a solid 2.0% this year, above the eurozone average. But the latest data are less optimistic, with the growth structure becoming increasingly vulnerable. Consumer spending has lost momentum, fixed investment is also weak, and the government has started the needed fiscal consolidation. We expect the economy will grow 1.8% next year. But risks skew to the downside if external demand fails to pick up.

Table of Contents

7 Pages
Slovakia: Momentum grinds down as fiscal consolidation begins
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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