In 2019, we see annual inflation rate decreasing from previous years 2.5%, as the proposed levy on retail chains has been scrapped and energy prices plummet. First quarter was marked by soaring consumer confidence, with CPI growing 1.4% compared with the previous quarter. This has reflected in strong retail sales in the Slovak market which outgrew eurozone, supporting GDP growth that is projected to reach 3.8% in Q1 2019. Unemployment has stabilized at a record low of 6.0% and the appetite for fixed investment should stay high.
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Cushman & Wakefield: Slovakia Retail Snapshot (Q1, 2019)
Published By: Cushman & Wakefield