GDP drops as expected, next quarter will be worse

Analysts stress anti-pandemic measures at home had less impact than decreased foreign demand.

The novel coronavirus pandemic has already negatively affected the performance of the Slovak economy in the first quarter of this year, despite the fact that the stringent anti-pandemic measures were only put in place in mid-March.

Related articleEU expects Slovakia to enter a deep recession this year Read more 

Slovakia's GDP fell by 3.9 percent year-on-year in constant prices in the first three months of this year.

In the last quarter of 2019, the Slovak economy grew at a rate of 2.1 percent, and for the whole of 2019 it grew by 2.4 percent.

The Statistics Office, however, pointed out that the coronavirus outbreak and the measures that it triggered hindered data collection and possibly severe adjustments are to be expected.

Worse than the EU average

The rest of this article is premium content at
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on and

Get daily Slovak news directly to your inbox

Top stories

Bödör reportedly paid €50,000 for non-prosecution of ex-economy minister's nephew

The former minister has reportedly met with the investigator who informed on the case.

Peter Žiga

Fico and Kotleba have not been fined for being maskless yet

The police are dealing with violent protesters, but no politician has been penalized for calling on people not to wear masks.

Ex-police chief Lučanský in handcuffs

He is one of the eight people facing charges after Operation Judas.

Milan Lučanský

Matovič could have made comments about the US rather than Mongolia

I am proud of what has been achieved in Slovakia, says Billy Altansukh.