Thursday, 14 November 2013

Slovakia Freight Transport Report 2014

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Slovakia Freight Transport Report 2014
Nov 13th 2013, 00:00

Price: $ 1295  

The 2013 growth forecast for Slovakia was raised to 0.8% from the 0.5% estimated in June by the Finance Ministry. The move is attributed to an improvement in the euro region after six quarters of declines. The rebound has led to a rise in demand for exports, such as cars assembled by the Slovak unit of Volkswagen Group, which will provide welcome news for Slovakia's freight industry. The improved growth forecast is also supported by an increase in household spending, which was driven by falling inflation and rising consumer confidence. Meanwhile, the ministry has kept the forecast for 2014 growth unchanged at 2.2%, but expects it to rise to 2.9% in 2015. ...

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