wiiw Forecast Reports
SLOVAKIA: Political instability threatens future prospects
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in: Sailing Through Rough Waters
wiiw Forecast Report No. Spring 2023, April 2023 , pp. 113-116
In 2022, Slovakia’s GDP growth reached just 1.7%. This year, too, high inflation will continue to prevent stronger economic growth, which is forecast to be 0.6%. Declining household consumption and poor prospects for Germany – the country’s main export market – will drag down growth, while the influx of EU funds will provide some growth momentum. The situation should improve in 2024, but domestic political instability resulting from party fragmentation might threaten future prospects in the long run.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Slovakia