wiiw Forecast Reports
SLOVAKIA: Domestic demand taking over export drive
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in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 79-80
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SLOVAKIA
In the course of the current year, domestic demand has been taking over the role of the main engine of growth in Slovakia; it is expected to continue as such over the next two years. Growing household consumption will foster import growth, while global uncertainties will restrain export growth. The contribution of net exports will thus turn negative. For this and the next two years to come, we expect the GDP to grow by about 2.5% annually.
In the course of the current year, domestic demand has been taking over the role of the main engine of growth in Slovakia; it is expected to continue as such over the next two years. Growing household consumption will foster import growth, while global uncertainties will restrain export growth. The contribution of net exports will thus turn negative. For this and the next two years to come, we expect the GDP to grow by about 2.5% annually.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Slovakia, Visegrad countries