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| EC Predicts Slower GDP Growth in Slovakia until End of 2021 |
| Brussels, 08.11.2019 |
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| Slovakia’s real GDP growth will significantly decelerate from last year’s level of 4.0 percent to 2.7 percent in 2019 and remain at similar levels – 2.6 percent and 2.7 percent – in 2020 and 2021, respectively, stated the European Commission (EC) when presenting its autumn economic prognoses for EU countries on Thursday.According to the EC, Slovakia has been under pressure from lower foreign demand in 2019, but exports can be expected to increase gradually, probably by 4.5 percent in 2021. Slovakia’s trade balance should slip into negative territory in 2019 and then gradually recover in 2020 and 2021. However, this bounce back will depend on the prospects for Slovakia’s key trading partners and developments influencing the automotive industry (such as potential US customs charges).
odkaz na stránku
As a result of significant salary growth and record-low unemployment, private consumption will continue to be a significant source of GDP growth, but weaker demand from key trading partners in the EU will “take its toll” in the form of lower exports to those countries, mainly in 2019.
odkaz na stránku
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia
Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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