IFP: Hard Brexit could slow down Slovak economy

Estimates of international institutions have established that a potential hard Brexit could slow down the Slovak economy anywhere between 0.3-1.9 percent of GDP in the long term, although the prognosis of the Financial Policy Institute (IFP) is somewhat milder at between 0.7-1.4 percent of GDP, TASR learnt from Economy Ministry spokesman Maros Stano on Wednesday. The main reason for the slowdown would be a drop in direct exports of Slovak products to the UK, especially of cars.