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.