GDP down 2.7 percent in the 4th quarter

GDP down 2.7 percent in the 4th quarter

The contraction in the Slovak economy didn't worsen significantly in the final quarter of last year, with GDP falling by 2.7 percent year-on-year, which was 0.2 percent more than in the third quarter, according to a preliminary estimate released by the Slovak Statistics Office on Tuesday. "The second wave of the coronavirus pandemic, with its greater negative health impact on the population, wasn't reflected in a significant contraction in the Slovak economy. Meanwhile, several sectors, such as the automotive and construction industries, positively surprised us with their performance," stated the Statistics Office.

Anca Dragu, Photo: TASR

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