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Slovak economy upped its growth tempo last year to 4.1%

  • Writer: Vladimír Dohnal
    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%.

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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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