S&P affirmed Slovakia's rating at A+ but downgraded its outlook to negative

The credit rating agency S&P affirmed Slovakia's rating at A+ but downgraded its outlook to negative, citing the threat that Slovakia's highly export-oriented and auto-reliant economy could be hit by the global trade war. The agency cut its GDP growth forecast to 1.6% this year and 1.3% in 2026. It considers corruption and the deteriorating business environment to be the major challenges for the economy. S&P's rating of A+ is its 6th-highest and two notches higher than the ratings awarded by Fitch and Moody's. (sme.sk)

GDP growth will slow to 1.4% this year from last year's 2.1%, according to banks’ forecasts in an NBS survey. In March, they expected a 1.7% pace. Their estimate for this year's inflation remained at 4.1%.

(teraz.sk)