News on Slovakia's economy and employment

Experts warn of deeper recession if COVID-19 cases spike

Slovak economy is projected to fall by nearly 10 percent in 2020.Compiled by Spectator staff, 23. Jun 2020, at 21:43

Finance Minister Eduard Heger and his colleagues of the Institute for Financial Policy present Slovakia's latest macroeconomic forest on June 23, 2020.

Slovakia’s economy expected to drop by more than 9 percent

Although May indicators imply a slight improvement, negative risks endure, NBS analyst said.Compiled by Spectator staff, 18. Jun 2020, at 23:14

NBS building in Bratislava

Annual inflation rate increase is the slowest since late 2018

While transport prices dropped in the annual comparison, food prices increased slightly.Compiled by Spectator staff, 15. Jun 2020, at 13:02

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Coronavirus affected also industrial production. It hit the historical bottom

Suspended manufacture of cars had the highest impact.Compiled by Spectator staff, 11. Jun 2020, at 13:07

Car parts awaiting assembly at the Kia Motors plant in Žilina, central Slovakia.

Kažimír: Slovak economy is in free fall

Slovak economy contracted by 5.2 percent q/q during the first quarter of 2020.Compiled by Spectator staff, 10. Jun 2020, at 21:28

National Bank of Slovakia's governor Peter Kažimír

Slovakia experienced record drop in export and import in April

The measures and consequences of the pandemic gained full force in April, not only in Slovakia, but also for Slovakia’s most important trade partners, an analyst said.Compiled by Spectator staff, 9. Jun 2020, at 13:22

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The European Commission wants to see more medical workers in Slovakia

The EC has issued recommendations for Slovakia to overcome the crisis.Compiled by Spectator staff, 27. May 2020, at 23:13

L. Pasteur University Hospital in Košice

Increase in unemployment rate is worse than during financial crisis

Observers predict the number of jobless to keep increasing in coming months.Compiled by Spectator staff, 21. May 2020, at 13:22

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Inflation drops to lowest level since late 2018

A greater fall was prevented by the higher price of fruit and vegetables.Compiled by Spectator staff, 14. May 2020, at 23:57

Fruit and vegetable prices went up the most in January 2019.

The coronavirus pandemic has cut industrial production

It has reached the lowest level since May 2009.Compiled by Spectator staff, 11. May 2020, at 22:09

Production of cars in Volkswagen Slovakia.

Fitch downgraded Slovakia’s rating

The finance minister considers the decision a raised finger.Compiled by Spectator staff, 11. May 2020, at 13:35

Finance Minister Eduar Heger (OĽaNO)

Coronavirus pandemic has affected retail revenues

Turnover dropped the most in accommodation and the sale of vehicles.Compiled by Spectator staff, 7. May 2020, at 12:53

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The coronavirus may increase unemployment in following months

It may rise by two-digit numbers, analyst warns.Compiled by Spectator staff, 20. Apr 2020, at 23:47

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Oil and food prices affect slower inflation

It is possible inflation will continue to slow down in the coming months.Compiled by Spectator staff, 16. Apr 2020, at 13:49

Gloomy scenario for the economy: a drop of more than 6 percent

The predictions are more optimistic for next year.Compiled by Spectator staff, 30. Mar 2020, at 22:38

Electronics industry

Which parties pay most attention to key economic challenges for Slovakia?

After employers and the INESS think tank, Slovak Economic Society (SES) delivered its evaluation of election programmes.Compiled by Spectator staff, 25. Feb 2020, at 13:44

Michal Truban and Miroslav Beblavý of PS/Spolu

Economic growth prevents higher unemployment figures

Unemployment went up slightly in January, stopping at 4.98 percent.Compiled by Spectator staff, 20. Feb 2020, at 23:58

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Slovak economy sped up at the end of 2019

But the prediction for 2020 remains gloomy.Compiled by Spectator staff, 17. Feb 2020, at 12:54

Slovak industry keeps dropping

The industrial production decreased for the fifth consecutive month.Compiled by Spectator staff, 12. Feb 2020, at 14:00

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