Slovakia: Economy ends 2015 on strong footing
February 12, 2016
Continued support from European Union funds bolstered investment throughout 2015, which benefited overall economic growth. This situation was strengthened by improving labor market conditions and the decline in oil prices. In the fourth quarter, GDP grew 4.2% over the same period of the previous year, according to preliminary data released by the Statistical Office of the Slovak Republic (SOSR) on 12 February. The print came in above the 3.7% increase tallied in Q3 and marked the highest reading since Q4 2010.
On a sequential basis, the economy grew a seasonally-adjusted 1.0% in Q4, which was above the 0.9% rise tallied in Q3. More detailed data will be released on 8 March.