Slovak economy upped its growth tempo last year to 4.1%
- Vladimír Dohnal
- Mar 8, 2019
- 1 min read
The Slovak economy upped its growth tempo last year to 4.1% from 3.2% in 2017, the 5th-highest pace in the EU. The economy slowed sharply from 4.6% in 3Q to 3.6% in 4Q, though, reported the statistics office ŠÚ. The slowdown came on the back of softer demand in Western Europe, as domestic demand and investments remained buoyant. The average wage in the economy came to €1,013, up 6.2% (nominally) or 3.6% (in real terms). Unemployment fell to 6.1%.
This year, economic growth will top 3% and will stay way above the EU average of just 1%.
(teraz.sk)
Recent Posts
See AllThe €250,000 price of an apartment in Bratislava includes the cost of the land (€50,000) and the 5-year permitting process (€30,000),...
Volkswagen 's Bratislava plant tried to win production of the electric VW ID.1 model, but despite ranking well in internal VW plant...
Slovakia’s employment rate among the 20 to 64-year-olds rose to a record high last year and was higher compared to the EU’s average of...
