FX.co ★ Slovakia Q1 GDP Growth Slowest in 2 Years

Slovakia's economy witnessed a 0.9% year-on-year expansion in the first quarter of 2025, falling short of market expectations set at 1.2% growth and decelerating from the 1.7% increase observed in the prior quarter, as per preliminary estimates. This represents the eighth continuous quarter of economic growth; however, it is also the slowest within this period. The deceleration can be attributed to subdued domestic demand, highlighted by a significant slowdown in household spending and ongoing reductions in investment. On a seasonally adjusted basis, GDP saw a modest rise of 0.2%, marking the slowest growth rate in nearly a year, compared to a 0.4% growth in the previous quarter.