SLOVAKIA

Odette Andreea Marinache

Conjunctura economiei mondiale / World Economic Studies, 2013

Abstract: According to European Commission experts, Slovakia has continued its economic growth in 2012, but at a slightly lower rate compared to the previous year, mainly due to a reduction in exports, and to an absolute decrease of domestic demand. In the context of the Euro Zone recession, and of the negative GDP rate forecast for 2013, Slovakia’s economic growth will continue its descendent trend this year. UniCredit analysts consider that given the stable political environment, the Slovak government could try to diminish the public deficit by preparing a new austerity package in order to reduce public expenditures if the budget revenues will be lower than expected.

Keywords: Slovakia; GDP; unemployment rate; inflation; general government gross debt (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2013:id:2822000009583011

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