Slovakia's economy faced significant deceleration in the first quarter of 2025, with gross domestic product (GDP) growth slowing to 0.9% according to recent data released on May 15. This marks a notable dip from the 1.8% growth recorded in the fourth quarter of 2024.
The comparison of these figures highlights a stark year-over-year change, as Slovakia's economic expansion has dwindled by half in just a few months, reflecting a challenging economic landscape. Such a downturn may prompt concerns about the sustainability of Slovakia's growth amid broader economic uncertainties.
Analysts may attribute this slowdown to various factors, potentially including decreases in domestic demand, external trade challenges, or impacts from broader regional or global economic conditions. As the year progresses, the focus will likely shift to measures that could stabilize and invigorate Slovakia's economic growth trajectory.
