Slovakia

Growth prospects for Slovakia have improved and we have revised our forecast upwards, mostly due to a better outlook for the EU and strengthening domestic demand. This is supported by the unexpectedly high growth of Slovak GDP in the first quarter of 2015, at 3.1%, compared to annual growth of 2.4% in 2014. We expect the Slovak economy to grow by 2.9% this year, 3.3% in 2016 and 3.4% in 2017, barring escalating sanctions against Russia and assuming a solution of the Greek debt crisis.

map Slovakia
        FORECAST*
Main Economic Indicators201220132014201520162017
Population, 1000 persons.540854135420...
GDP, real change in %1.61.42.42.93.33.4
GDP per capita (EUR at PPP)197002000020600...
Gross industrial production, real change in %7.94.94.0...
Unemployment rate - LFS, in %, average14.014.213.211.911.010.5
Average gross monthly wages, EUR805824858...
Consumer prices, % p.a.3.71.5-0.10.21.41.7
Fiscal balance in % of GDP-4.2-2.6-2.9...
Public debt in % of GDP52.154.653.6...
Current account in % of GDP0.91.80.10.20.30.3
FDI inflow, EUR mn13561610638...
Gross external debt in % of GDP76.082.190.1...


Basic data are continuously updated.

* Forecasts are changed beginning of March, July and November.
See Press Conferences.

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Monthly Report No. 7-8/2015

Vasily Astrov, Serkan Çiçek, Rumen Dobrinsky, Vladimir Gligorov, Doris Hanzl-Weiss, Peter Havlik, Mario Holzner, Gabor Hunya, Sebastian Leitner, Isilda Mara, Olga Pindyuk, Leon Podkaminer, Sandor Richter and Hermine Vidovic
wiiw Monthly Report No. 7-8, July-August 2015
25 pages including 1 Table and 2 Figures

Details

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SLOVAKIA: Domestic demand driving growth

Doris Hanzl-Weiss
in: A Time of Moderate Expectations
wiiw Forecast Report No. Spring 2015, March 2015 , pp. 79-81
Details and Buy


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