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Macro - Country Economic Forecasts - Slovak Republic

Publisher Oxford Economics
Published Dec 31, 2025
Length 8 Pages
SKU # OFE20872865

Description

We have lowered our 2026 GDP growth outlook for the Slovak economy by 0.3 ppts to 1.5%. This mainly reflects the new fiscal consolidation measures, including more progressive income taxation and VAT increases. These measures are expected to weigh on already weak consumer spending and confidence, alongside elevated inflation. While capital spending is rebounding more strongly than anticipated, it is likely to be constrained by policy uncertainty in 2026.

Table of Contents

8 Pages
Slovakia: New fiscal consolidation measures weigh on growth outlook
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
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Politics and policy

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