wiiw Forecast Reports
SLOVAKIA: Better growth prospects ahead
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in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 67-69
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SLOVAKIA
The forecast for Slovakia for the period 2014-2016 is quite positive. We expect the Slovak economy to grow by 2.4% in 2014, 3% in 2015 and 3.2% in 2016. All components of GDP should contribute to this hike in 2014, including net exports, gross capital formation and final consumption. The latter two categories should increasingly contribute to growth in the two consecutive years. This is based on the assumption that growth occurs in Slovakia’s main trading partners, foremost Germany and the Czech Republic, and that the investment climate improves.
The forecast for Slovakia for the period 2014-2016 is quite positive. We expect the Slovak economy to grow by 2.4% in 2014, 3% in 2015 and 3.2% in 2016. All components of GDP should contribute to this hike in 2014, including net exports, gross capital formation and final consumption. The latter two categories should increasingly contribute to growth in the two consecutive years. This is based on the assumption that growth occurs in Slovakia’s main trading partners, foremost Germany and the Czech Republic, and that the investment climate improves.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Slovakia, Visegrad countries