Slovak Economy To Contract 4.2% In 2009

July 2009
Emerging Europe Monitor: Central Europe & Baltic States;Jul2009, Vol. 16 Issue 7, p8
Country Report
The article offers an outlook for the Slovakian economy in 2009. In light with the revisions made to the eurozone and German growth forecasts, it is expected that the country's economy will contract by 4.2% in 2009. Industrial production is predicted to contract by an average of 23% year-on-year through the first quarter. In line with expectations that both foreign and domestic investment will be down, it is also expected that gross fixed capital formation will contract by 11%.


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