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Slovakia's GDP growth moderates in Q4

Figures

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Slovakia's economic growth moderated in the fourth quarter of 2020 after rebounding sharply in the third quarter driven by the easing of CVID-19 control measures, flash estimate from the Slovak Statistical Office (SÚSR) showed on Tuesday.

Gross domestic product (GDP) grew 0.2% sequentially in the fourth quarter, much slower than the 11.7% expansion in the third quarter. This was the second consecutive expansion.

On a yearly basis, GDP shrank 2.7% year-on-year in the fourth quarter, following a 2.4% contraction in the previous three-month period. According to figures, employment grew 0.2% sequentially but decreased 2.1% from the last year in the fourth quarter. 

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