Slovakia's recovery from the crisis was one of the fastest in the EU. According to the Commission 2016 winter forecast, real GDP is expected to have increased by 3.5 % in 2015 due to solid household spending and surging investment activity. Investment benefited from intensified drawing of EU funds, as the possibility to make use of funding available under the 2007-2013 programming period came to an end. Household consumption was supported by an improvement in labour market conditions, solid wage growth, falling prices and favourable credit conditions.
Read a complete analysis of Slovakia's economy in the country report 2016 [2 MB]
2015 recommendations in brief
The Commission has made four country-specific recommendations to Slovakia to help it improve its economic performance. These are in the areas of: taxation and health; labour market; education; infrastructure investment.