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EC forecast: Ukraine war to slow Slovakia GDP growth

May 16th, 2022

The Slovak economy's outlook for the next two years is obscured by the impacts of the Russian military aggression in Ukraine, which represents a serious shock to supply chains and has led to a sharp rise in energy prices, which may increase commodity prices and production costs and reduce the purchasing power of households, according to the Spring 2022 Economic Forecast presented by the European Commission in Brussels on Monday.


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