wiiw Current Analyses and Forecasts
Slovakia: Export-led growth despite the EU crisis
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in: Fasting or Feasting? Europe - Old and New - at the Crossroads
wiiw Current Analyses and Forecasts No. 10, July 2012 , pp. 86-89
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Despite the EU crisis, export-led growth continued in Slovakia in the first quarter of 2012. The economy will expand by more than 2% this year. Growth will again be substantiated by the net exports, bolstered by still low unit labour costs and supported by the expansion of production in the automotive sector. The new government presumably will modestly stimulate private consumption. However, downward risks still prevail as resolution of the European debt crisis remains the crucial factor.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Slovakia, Visegrad countries