Bratislava City Report Q2 2019

Slovakia’s economy is kept on a solid, sustained pace by new car models. The country's GDP grew by 0.9% q/q in Q1. Oxford economics sees GDP growth at 3.5% this year.

Oxford economics expects strength of industrial production in 2020 to be mainly driven by the transfer of Peugeot 208 from France to Slovakia and by the likely ramp up in the production lines at VW’s plant. They expect further expansion in car output to keep 2020 growth above 3%.

Office and industrial sectors are experiencing continuing momentum. Volumes in retail sector dropped as majority of dominant retail schemes changed hands in recent years.

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