Connect with us

Hi, what are you looking for?


The Slovak economy achieves an outstanding result in the Eurozone New word

The Slovak economy achieves an outstanding result in the Eurozone  New word

Slovakia's economy registered growth of 2.7%, making it one of the best performers in the Eurozone. The positive result is also reflected in increased wages and employee demand.

Economic growth in the first quarter was mainly due to increased consumption by households and municipalities

– explained Marian Kocsis, Analyst of Slovak Savings Bank (SLSP).

This can be attributed to the gradual decline in inflation, which has now fallen instead of last year's double-digit values ​​to a more tolerable level. “The inflation rate fell to 2.1%, the lowest value since February 2023,” said Jana Murhačová, spokeswoman for the Statistics Office.

At the same time, the number of unemployed is also low, and this has also contributed to improving economic indicators – nearly two and a half million people worked in the first three months of the year.

Wages are rising faster than the rate of inflation, and this is true across the board

Morháčová added.

The only problem is that many countries in Europe, including Germany, Italy and France, which are the continent's economic engine, performed much lower than expected, so Slovakia's data should be treated with caution.


See also  A federal judge has ordered a US minority business agency to serve all races
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top News

In a harrowing incident that has shaken the community of Lewiston, Maine, a series of shootings on Wednesday evening resulted in a tragic loss...

Top News

President Joe Biden’s abrupt departure from a speech on the U.S. economy at the White House on Monday sent a ripple of speculation and...


Chinese scientists have discovered a little-known type of ore containing a rare earth metal highly sought after for its superconducting properties. The ore, called...


A dangerous application appeared in the Apple App Store disguised as a known program. reported the Based on TechCrunch article. Dangerous app in...

Copyright © 2024 Campus Lately.