Slovak economy keeps decelerating

It is already the second negative surprise this year, analysts say.

Illustrative stock photoIllustrative stock photo (Source: SME)

The performance of Slovakia’s economy continues to disappoint analysts. After an unexpected slump in the second quarter, when the gross domestic product (GDP) rose by only 1.9 percent of the year, the numbers did not improve three months later.

The GDP in constant prices increased only 1.3 percent year-on-year. After seasonal adjustment, the GDP rose by 1.8 percent y-o-y, and by 0.4 percent in comparison with the previous quarter.

The volume of GDP at current prices in the third quarter of 2019 amounted to €24.6 billion, up by 3.4 percent compared to last year, according to the flash estimate published by the Statistics Office.

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