The international rating agency Standard & Poor’s (S&P) on Friday (April 25) affirmed Slovakia’s A+ local currency sovereign credit rating but downgraded its outlook from stable to negative, citing global economic risks.
According to the Finance Ministry, S&P analysts praised the government’s fiscal consolidation efforts. They expect the deficit to fall to 4.7% of GDP in 2025, aligning with the state budget plan for the year.
S&P forecasts Slovakia’s economy to grow by 1.6% in 2025 and 1.3% in 2026, driven mainly by investments financed from EU funds and the Recovery and Resilience Facility (RRF).
The agency also highlighted vulnerabilities linked to Slovakia’s export dependency, especially on Germany and the U.S. car market.
Source: TASR
Romana Grajcarová, Photo: logos-world.net
