Many restaurants struggle as they are affected by stringent measures. (source: SME)
The second pandemic wave demonstrated its full impact on Slovakia’s economy in January's statistics. Particularly, the hospitality sector and retailers reported much worse results after the first month of this year than in the previous month.
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Foreign trade balance better than last year
Construction down by two digits
Foreign trade and industrial production, on the other hand, fared quite well, proving their resilience towards the crisis, according to analysts. Inflation started rising slightly, too.
Find out more in the latest overview of selected economic statistics published in March 2021.
Inflation slightly up
The annual inflation rate remained below 1 percent in February 2021. Although it was slightly higher than in January (when it amounted to 0.7 percent), it stayed below the 2020 levels.
