The economy slowed more than expected after the government package. Better are Poland and Poland

16. May 2025 at 4:58 pm

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BRATISLAVA. The Slovak economy slowed more than analysts expected. In the first three months of the year, it has increased by only 0.9 percent of GDP, the slowest in the last two years. This stems from a rapid estimate of the Statistical Office.

The Office will publish a more detailed report in June. However, it is already clear that Slovakia is lagging behind the European Union average.

« We would be expected to grow faster than the development of the European Union, but at present we do not observe such a catching effect, » says XTB financial markets analyst Marek Nemky.

It is not very successful even compared to the surrounding countries. Poland grew four times faster and Czech economy twice. Only Hungary was slower.

Consolidation empties wallets

Last year, analysts assumed that domestic consumption would be covered by the Slovak economy, that is, people would buy more.

However, it was slowed in the first months of the year’s consolidation package of the government, which he plans to raise almost three billion euros.