Investment in Slovakia
Slovakia - Investment
GDP drops more sharply in Q4
GDP contracted at a somewhat more pronounced pace of 2.7% year-on-year in Q4 according to a preliminary estimate (Q3: 2020: -2.4% yoy). The economy was largely dragged down by the continuous extension of Covid-19 restrictions throughout the quarter, amid soaring new infections.
Although a detailed breakdown is not yet available, strong activity in the automotive and construction industries in Q4 helped to cushion the downturn.
Meanwhile, on a seasonally-adjusted quarter-on-quarter basis, GDP expanded 0.2%, marking a significantly softer rise than Q3’s record-breaking 11.6% jump.
More detailed data will be released on 5 March.
Tomas Dvorak, economist at Oxford Economics said:
“We have cut our 2021 GDP outlook again by 0.3ppts to 4.3% due to persistent high levels of coronavirus infections, the extension of containment measures, and a slow rollout of the vaccination programme. We still expect a strong recovery once the virus is brought under control, and continue to forecast a 5.1% GDP increase in 2022.”
FocusEconomics panelists see the economy expanding 4.8% in 2021, which is down 0.3 percentage points from last month’s forecast. For 2022, the panel sees GDP growth at 4.3%.
Slovakia - Investment Data
|Investment (annual variation in %)||21.6||-9.3||3.9||3.7||5.2|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.13||-4.12 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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February 16, 2021
GDP contracted at a somewhat more pronounced pace of 2.7% year-on-year in Q4 according to a preliminary estimate (Q3: 2020: -2.4% yoy).
February 15, 2021
Consumer prices rose 0.30% month-on-month in January, contrasting December’s 0.10% decline and logging the highest reading since May 2020.
February 10, 2021
Industrial production expanded 6.8% in annual terms in December 2020, above November’s 2.2% increase and the fastest pace in nearly two years.
January 14, 2021
Consumer prices edged down 0.10% in December, contrasting November’s 0.10% rise and dropping for the first time since August.
January 11, 2021
Industrial production rebounded 2.2% in annual terms in November, contrasting October’s 2.6 drop, and logging the best reading since May 2019.