Economic growth numbers disappoint analysts

Worse times are coming and the Slovak economy is poorly prepared, they say.

Volkswagen Slovakia plantVolkswagen Slovakia plant (Source: Courtesy of VW Slovakia)

Slovakia's economy is growing slower, recent numbers published by the Statistics Office have confirmed.

The slowdown has even deepened in the third quarter of 2019 compared with the previous quarter. The GDP growth in stable prices reached 1.3 percent, with its tempo slowing down by 3.3 percentage points in the year-on-year comparison. This makes it the lowest growth since the last quarter of 2013, the Statistics Office noted as reported by the TASR newswire.

"The economy continued developing in positive numbers in the third quarter of 2019, supported mainly by the domestic demand," the Statistics Office noted. The domestic demand increased by 4.3 percent compared to the same quarter in 2018.

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