Slovakia: Ukraine war hits Slovak economy hardest in EU

Slovakia: Ukraine war hits Slovak economy hardest in EU

Slovakia: Ukraine war hits Slovak economy hardest in EU. * One should not be surprised, as the negative effect of the war on Europe’s economy was expected. In future, Europe should strive to become less dependent on foreign influences, whether this be gas, migration, food, etc. Rumor has it the EU Commission and MEPs in Brussels may slash their salaries by 50% and replace their chauffeur-driven BMWs with bicycles as a show of solidarity. Ok, this is not true; the EU clerks are too vital…can’t risk slowing-down the EU’s best and brightest. 🤨😉 – GDP in Slovakia for 2022 is expected to grow 2.3%, according to the Commission’s forecast released on Thursday (19 May). However, growth forecasts from February pointed to a 5% growth – which represents the biggest revision in the entire EU. Czechia, Latvia, Estonia and Germany also saw a 2% drop in forecast growth. The EU Commission expects that the EU economy as a whole is likely to grow at a rate of only 2.7% this year, which is 1.3% lower than estimated before the war. https://www.euractiv.com/section/politics/short_news/ukraine-war-hits-slovak-economy-hardest-in-eu/