OECD Economic Outlook, Volume 2022 Issue 1
The war in Ukraine is a major humanitarian crisis with associated economic shocks that threaten the post-pandemic recovery. The OECD Economic Outlook, Volume 2022 Issue 1, highlights the implications and risks for growth, inflation and living standards from higher commodity prices and potential disruptions to energy and food supplies, and discusses the associated policy challenges.
This issue includes a general assessment of the macro-economic situation and a chapter summarising developments and providing projections for each individual country. Coverage is provided for all OECD Members as well as for selected partner economies.
Slovak Republic
The Slovak economy is projected to grow by 2.3% in 2022 and 3.4% in 2023. High inflation as well as uncertainty due to the war in neighbouring Ukraine will weigh on domestic demand well into 2023. The war is also aggravating industrial supply chain shortages and weakening exports. Growth will partly strengthen in 2023 due to strong EU-funded investment and a gradual upturn in exports. Key downside risks include a prolonged war in Ukraine and disruptions in energy supply, which would have strong adverse effects on growth and inflation.
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