Slovakia: GDP growth ticks up in Q1Staff Writer | May 16, 2018
The Slovak economy continued to grow at a solid pace in the first quarter.
Healthy growth in retail sales throughout the quarter on the back of falling unemployment suggests private consumption continued to support the economy.
Moreover, upbeat business confidence, together with favorable financing conditions, likely buttressed fixed investment, which should have also benefited from rising inflows of EU funds.
On a quarter-on-quarter basis, GDP growth in Q1 came in at 0.9%, matching Q4’s figure. More detailed data will be released on 7 June.
FocusEconomics Consensus Forecast panelists expect GDP growth to reach 3.5% in 2018, which is unchanged from last month’s forecast. For 2019, the panel projects economic growth will moderate to 3.2%. ■