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.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Topic: Economics


Top stories

Slovakia has many skilful people. Students should meet them

The new project by the Pontis Foundation tries to motivate young people through stories of successful business people.

The presentation of This is 21 project

Big cities chose new way of doing politics

But Robert Fico sticks stubbornly to old-style approach.

How does Slovakia support innovations?

Companies operating in Slovakia can benefit from state subsidies, EU resources and venture capital funds.

Science in Slovakia is underfunded, lagging behind other European countries.

Slovaks speak the worst English in central Europe

Seven out of ten job applicants in Slovakia claim to speak English.

Illustrative Stock Photo