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Slovakia will not change export-led model overnight

Monday, April 13, 2015

Significance

Impacts

  • The IPO should help cut public debt levels and will create fiscal breathing-space for more spending ahead of the 2016 elections.
  • Falling bond yields will ease debt servicing; Slovakia will comfortably meet its external financing requirement.
  • The deflationary trend will peter out later in 2015 but persistently low inflation will help boost household purchasing power.

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