Slovak Economy Outlook Improved by National Bank and Ministry of Finance
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The National Bank of Slovakia (NBS) and the Ministry of Finance have both improved their forecasts for the Slovak economy. The NBS expects economic growth of 0.8% this year and 1.9% next year, with inflation at 3.6% and 3.1% respectively. The Ministry of Finance predicts growth of 0.8% this year and 1.8% next year, with inflation slowing to 2.9%. Both institutions attribute the improved outlook to better-than-expected private consumption, exports, and government consumption. However, they warn of risks such as energy prices, geopolitical uncertainty, and trade barriers.
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