Spectator on facebook

Spectator on facebook

Moody’s prediction of strong growth in CEE countries includes Slovakia

THE MOODY’S Investors Service has forecast the growth of Gross Domestic Product (GDP) averaging 3 percent in the period of 2015-16 for the central and eastern European countries of, Slovakia, the Czech Republic and Poland.

NBS central bank(Source: Jana Liptáková)

This forecast is higher than the expected Euro-zone growth of 1.5 percent, the Trnavské Echo regional newspaper wrote on October 1. However, these countries may face challenges that could test their resilience against macroeconomic shocks, the Moody’s report opines, adding that the domestic risks include threats to the continuity of economic reforms or the slow down in progress of structural reforms.  

External risks may come to light in the form of inappropriate reactions to the stricter monetary policy in the USA, the greater than expected slow down of the Chinese economy or the potential of Greece leaving of the Eurozone.

The report from September 30 does not contain specific decisions regarding credit ratings of the countries evaluated and it shall only offer updated infromaiton on the market, Moody’s wrote.

These three CEE countries are growing at a slower pace than in the pre-crisis period but their impact resistance is supported by a lack of greater macroeconomic imbalances, the rating agency concludes. The Czech Republic has a long term A1 rating, while Poland and Slovakia have A2. The outlook of all ratings, is stable.

Topic: Economics


Top stories

How the national emblem appeared – including so far secret communism designs

Even Slovaks often do not know why the national emblem depicts a white double-cross, and not the Kriváň peak, or the design by artist Vincent Hložník. They also do not know why it makes a difference whether it is…

Offical Slovak national emblem and colours

Bratislava Zoo will have new wolf breeding station

One of most significant investments of the Bratislava Zoo in the year 2017 will be the building of a new wolf breeding station.

Foreigners: Events around Slovakia Photo

Tips for performances and other events in the Slovak regions between February 17 and February 26, including a race on old wooden sleighs, an operetta premiere, a lot of jazz, classical and rock music, and more.

Rce in krňačky sleighing, Turecká 2017

Some food really is better in Austria, study finds

EC says its role is to monitor safety, not quality – but Slovaks want the same as Austrians, says minister.

Illustrative stock photo