wiiw Current Analyses and Forecasts
Slovakia: Robust exports, strained labour market
For Slovakia, wiiw expects a respectable GDP growth of 4% for 2011 and the two years thereafter. Growth is mainly driven by net exports, the major driver being foreign demand for products of the Slovak automotive industry – most orders coming from Germany. Domestic demand will remain subdued owing to the fiscal austerity measures that are being implemented. Although the labour market is showing some positive signs, unemployment remains high.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Visegrad countries, Slovakia