Likelihood of a recession in euro zone this year is small
- Vladimír Dohnal
- Jan 28, 2019
- 1 min read
Analysts with Slovak banks agree with Mario Draghi, European Central Bank president, that the likelihood of a recession in euro zone this year is small. Economic growth in Western Europe is slowing and the German economy is forecast to grow only 1%, due to Brexit and slower growth in China. The data on orders are still strong, but economic sentiment is deteriorating. The slowdown is already evident in Slovakia—the Bratislava plant of Volkswagen will reduce its workforce by hundreds this year, and Kia Motors is laying off 30 people in Žilina. The Slovak economy is set to grow by 3-4% this year.
Recent Posts
See AllOKTE, the short-term power market operator, has recorded 51 hours of negative electricity prices this year, up from 36 hours during the...
The new tax on sugary drinks , in place since January, has raised the prices of carbonated sweetened beverages by 30-50% and syrups by...
Prelika Prešov (Lipták family) is closing after selling its spirits production to Old Herold and its mustard division to Tomata ....
Comments