Slovakia: GDP growth ticks up in Q4
February 14, 2018
The Slovak economy remains strong. According to preliminary data released by the Central Statistics Office (KSH) on 14 February, the economy expanded 3.5% annually in Q4, accelerating marginally from the previous quarter’s 3.4% growth. In the same period, total employment increased 2.2% over Q4 2016 and 0.5% compared to Q3 2017.
On a quarter-on-quarter basis, GDP growth picked up from 0.8% in Q3 to a slightly stronger 0.9% increase in Q4, marginally above market expectations of 0.8% growth. More detailed data will be released on 7 March.
Slovakia GDP Forecast
FocusEconomics Consensus Forecast panelists expect GDP growth to reach 3.5% in 2018, which is unchanged from last month’s forecast. For 2019, the panel projects economic growth will reach 3.2%.
Author: Massimo Bassetti, Economist
