Fiscal Balance in Slovakia

Slovakia Fiscal Balance | Economic News & Forecasts

Slovakia - Fiscal Balance

Economic growth slowed to a near six-year low in the third quarter, on the heels of the second quarter’s moderation. Both public expenditure and private consumption decelerated in Q3, while exports shriveled again amid gloomy dynamics in the EU. Fixed investment, however, jumped, thus cushioning the overall moderation. Heading into the fourth quarter, available data hints at lingering economic weakness. Industrial production contracted for the third straight month in October as weak external demand continued to hamper the automotive sector, while sentiment in the industrial sector remained downbeat in October–November. Moreover, retail sales shrank and wage growth slowed sharply in October, while consumer confidence fell to an over three-year low in November, suggesting faltering household spending in the final months of the year.

Slovakia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-2.7  -2.7  -2.6  -2.2  -0.8  

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Slovakia Facts

Bond Yield0.13-4.12 %Dec 31
Exchange Rate1.120.65 %Dec 31

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