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Slovakia Economy
EU, 02.09.2019
Economic growth in Slovakia remains strong but is projected to moderate from 4.1% in 2018 to 3.6% in 2019 and 3.3% in 2020. Conditions remain favourable for domestic demand to continue fuelling GDP growth, albeit at a somewhat slower pace than in 2018. While remaining the key driver of overall growth, private consumption growth is expected to slow slightly in 2019 and 2020 compared to the preceding year, as an expected slowdown in employment growth may dampen otherwise robust growth in household disposable income. In the first quarter of 2019, the economy grew by 0.9% quarter-on-quarter, supported mainly by net exports. Despite rising concerns about global trade prospects, net exports are expected to stimulate economic growth markedly in 2019, not least due to rising production volumes in the export-oriented automotive sector. These are likely to help offset the moderation in global demand. Moreover, Slovakia’s export product mix – especially in higher-value automobiles – has proven relatively resilient to this moderation. odkaz na stránku
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