Companies and Markets
Call us on +44 (0) 203 086 8600
Market Research A to Z | Company Profiles A to Z | RegisterRegister | Contact UsContact Us | Shopping Basket Shopping Basket
+44 (0) 203 086 8600 Call us on

Slovakia Business Forecast Report Q4 2012

740.8

Select License Type

Electronic License

Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

£740.80

Change Currency

GBP EURO USD
GBP EURO USD

Market

All Sectors

Report Type

Country Guide

Country

Slovakia

Published

24 October 2012

Number of Pages

43

Report Delivery

Download

Delivery Lead Time

Immediate

Publisher

Business Monitor International

File Format

PDF

We continue to expect Slovakias economy to expand by 2.0% in real terms in 2012, with growth largely driven by export performance. Household and government consumption are expected to remain weak due to austerity conditions and structural unemployment. Risks of fiscal slippage remain high, particularly given the election of a Smer-SD majority government. While we believe that the Robert Fico-led administration will broadly respect its fiscal commitments to the eurozone, we expect Slovakia to struggle to hit its targets on its current trajectory. We therefore forecast a fiscal deficit of 4.6% of GDP in 2012, before this narrows to 3.3% in 2013.

Major Forecast Changes

We have revised up our forecasts for Slovakias current account balance in 2012 and 2013 on the back of robust exports coupled with a more pronounced slowdown in exports. We now expect Slovakias current account to move into surplus this year, coming in at 1.7% of GDP, from a previous forecast of -0.6%, and 1.5% of GDP in 2013, from a previous forecast of 0.8%. Our revised forecasts are predicated mainly on expectations of a stronger trade balance, given that leading indicators point to continued export growth in the second half of the year, with industrial orders growing 15.6% y-o-y in May, and industrial production 10.8% in the same period. We have revised up our real GDP growth projections for 2012, which we now forecast at 2.0%. However, drilling down into the breakdown of expenditure confirms our view that net exports now remains the sole remaining driver of growth for Slovakia, with household and government consumption flat.

Key Risks To Outlook

Downside Risk To Growth Outlook: Slovakias heavy dependence on the external sector for its economic growth presents a key downside risk to our forecasts. Indeed, a significant slowdown in external demand, in particular from Germany, would impact heavily on Slovakias export-led economic recovery.

Speak to an Advisor

Call us on
+44 (0) 203 086 8600

Select License Type

Electronic License

Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

£740.80

Change Currency

GBP EURO USD

Change Currency

GBP
USD

Visitor Comments

All posts are pre-moderated and must obey the house rules.

Change Currency

GBP
USD

Use our research skills: Get free support

Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support

eBrandPromote: Get your brands ranked highly online

eBrandPromote: Let us promote your brand online through article writing, press release distribution, social media and search engine marketing services. Click here to download our eBrandPromote brochure.

Accessibility
Close

Contrast settings

Text size settings