Slovakia with the slowest growth among V4 countries

The Slovak economy picked up pace to 3.6% in the first quarter of this year, according to the statistic office ŠÚ’s flash estimate. The growth is well balanced and is driven by the strong domestic demand, investments, and exports. The euro zone’s economy expanded by 2.5% and the Slovak growth pace was the slowest among the V4 countries, much as in 2013-17. The annual change in economic output in neighboring countries according to Eurostat:

1Q 18 2Q 17

Poland 4.9% 4.2%

Hungary 4.7% 3.8%

CR 4.5% 4.6%

Slovakia 3.6% 3.4%

Austria 3.1% 2.9%

(Pravda/12)