MARKET REPORT Q1 2020

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The real GDP growth in Slovakia in Q4 2019 reached 2.0%. Even though in the economic terms the country has envisaged a relatively positive start of the year with production, sales and exports performing well (buoyed mainly by the car industry), the great uncertainty caused by the coronavirus (COVID-19) outbreak and the administrative measures adopted in response, resulted in significant alterations in the National Bank’s forecasts of the future economic activity. Severe containment measures imposed on the economy to curb the spread of the infection have made recession all but inevitable. According to NBS forecasts, the economy’s growth rate is expected to shrink to -7.2% in 2020 with subsequent rebound to 6.8%, 4.1% and 3.2% throughout 2021-2023 respectively.

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MARKET REPORT Q1 2020

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Tamila Nussupbekova

Associate | Slovakia

Bratislava

Tamila started her tenure in Colliers International as a member of Research and Advisory team in Almaty, Kazakhstan in September 2014. During the two years spend with the team, she  participated in a number of projects in both public and private sectors ranging from stragey formulation, to market research, concept development, green consultancy and valuation.

In 2016 Tamila  moved to Bratislava, where she  continued her  Colliers journey. She is currently holding a position of a Researcher, responsible for creating and enhancing market intelligence of Colliers  clients, colleagues and community members, generating both internal knowledge flows, and acting as a consultant for external projects.

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