Slovak Economy in the Shadow of Global Uncertainty: Ministry of Finance Predicts Growth at One Percent of Gdp
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3 Articles
The Slovak economy has slowed down noticeably after a series of consolidation packages, growth is around one percent and without money from the recovery plan it would be almost zero. The country lags behind its neighbors in both gross and net wages, has higher inflation and companies are facing rising costs, but the deficit is not decreasing. Due to the consolidation, the Fiscal Council and the Institute of Financial Policy are also worsening th…
The Ministry of Finance warns that the Slovak economy is significantly dependent on its trading partners, which may affect its future growth
The Slovak economy will have to cope with adverse developments in key trading partners and global uncertainty in 2026. According to the latest forecast by the Ministry of Finance, GDP growth will reach 1%, with the Recovery and Resilience Plan remaining the main driver of investment.
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