Slovak Republic: Private consumption and inventories drive growth


​Growth slows slightly but remains robust


Real GDP growth moderated to +3.3% in 2016 from +3.8% in 2015, mainly because fixed investment dropped by -9.3% (after a very strong performance in 2015, at +16.9%) as a result of reduced EU fund absorption. However, investment bottomed out in H2 2016 and is expected to grow modestly in 2017.