wiiw Forecast Reports

SLOVAKIA: Heavy reliance on Russian energy renders the economy vulnerable


Doris Hanzl-Weiss

in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. 138-141

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The adverse impact of the Russian war in Ukraine, high inflation and the energy crisis are all taking their toll on the Slovak economy. We estimate real GDP growth of 1.8% in 2022, driven by private consumption. While household consumption will fall back in the face of soaring inflation, the inflow of EU funds could provide some growth impetus in 2023 and beyond.


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

Countries covered: Slovakia