Slovakia dips 2019 growth outlook, cuts inflation outlook

BRATISLAVA: Slovakia's Finance Ministry cut its forecast for 2019, economic growth to 3.5pc, from 4.0pc due to a slowdown in the euro area and weaker domestic demand, it said on Wednesday.

The negative trend will be partly offset by higher output by the country's four car makers, it said.

The downside risks to the outlook lie in a possible no-deal Brexit, hard landing in the euro area and protectionism in world trade, the ministry said.

The ministry also cut its forecast for 2020, predicting a further deceleration to 3.4pc, from an earlier estimate of 3.7pc.

The following is a table of the ministry's updated outlook with previous forecasts from February 4 in brackets.