Slovak Q2 GDP Growth Matches Forecasts
Photo by Feng Yu / Shutterstock.com
Slovakia's gross domestic product (GDP) was confirmed at 1.5% year-on-year in the second quarter of 2023, the highest reading in five quarters, following a 1% growth in the previous period, data from the Bratislava-based Slovak Statistical Office (SÚSR) showed.
Foreign trade contributed positively to the GDP, with exports rebounding by 0.1% (vs -4.7% in Q1), while imports fell by 8.3% (vs -13.3%).
There was a slowdown in fixed investments (5.2% vs 5.7%) and declines were seen in both private consumption (-3.6% vs -2.1%) and government spending (-2.2% vs -5.8%).
On a seasonally adjusted quarterly basis, the economy grew by 0.4%, after a 0.3% expansion in the previous quarter.
Watchdog Fines OTP Bank for Regulatory Shortfalls
Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s
Biggeorge Adds 2 New Directors to Top Management
Tastin' France 2024 Wine Event Coming in June
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
