November 23rd, 2019 AAAA
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International Visegrad Fund

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EC predicts slower GDP growth in Slovakia until end of 2021

November 7th, 2019

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. 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.


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