wiiw Forecast Reports

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

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Domestic demand replaced exports as the main engine of growth in 2014. This pattern will be maintained in the years to come. A major contributory factor is a number of substantial social measures taken by the government in the run- up to parliamentary elections. Stronger household consumption will also encourage import growth. Exports will remain sluggish in 2015, as low growth will prevail in the euro area and regional uncertainties persist. Growth should pick up thereafter, although risks will remain.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Slovakia