Gross External Debt Levels Set To Rise

May 2008
Emerging Europe Monitor: Central Europe & Baltic States;May2008, Vol. 15 Issue 5, p8
Country Report
The article reports on the predicted increase in gross external debt of Slovakia from 2008 to 2012. The gross external debt is forecasted to increase from 58.9%to 69.1% as a percentage of gross domestic product (GDP). Factors behind the increase in private external debt include rising household credit growth and expansion plans in the domestic corporate sector. In addition, it is predicted that increased leverage in the private sector will easily outweigh expected improvements in the government's debt dynamics.


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