Detail analýzy
| 15.03.2024 / Erste Group Research |
Good year for automotive, rough one for budget In 2023, the Slovak economy grew by 1.1% y/y, primarily supported by the outstanding performance of foreign trade. Taking a closer look, the main driver was the automotive industry, which not only saw excellent production figures, but also promising long-term prospects. Following Volvo's investment in Košice, new battery plants and production lines for electric vehicles have been announced. However, a negative contribution to GDP growth came from household consumption, dampened by elevated inflation, and inventories. Additionally, EU funding was an important source of growth. Price growth in Slovakia decreased from a high of over 15% in February to below 4% in December. Strong government energy price regulation will continue to play a key role this year, bringing the average inflation to 3%. However, core inflationary pressures are still anticipated, due to the tight labor market. Despite promises from the Ministry of Finance regarding a credible consolidation plan, the promise has not yet been fulfilled. On the contrary, instead of expenditure cuts, we have seen the implementation of new costly fiscal measures. |
 Stáhnout PDF (919kB)
|
Základní informace
| Autor | Erste Group Research |
| Datum | 15.03.2024 |
| Jazyk |  |
| Název produktu | CEE Country Macro Outlook |
| Hlavní téma | Makro/Úrokové sazby, Směnné kurzy/FX |
| Zaostřeno na ekonomiku | Slovensko |
| Zaměřeno na měnu | Euro |
| Zaměřeno na sektor | - |
| Stáhnout |