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MARKET REPORT Q2 2022

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In the first quarter of 2022 Slovak economy grew by 3.1% and reached pre pandemic levels of the respective period in 2019. Even though foreign demand decreased, economy was mainly driven by higher household consumption and corporate investment. The recovery, however, is expected to be significantly slowed down by the Russian invasion in Ukraine, high oil prices and disruptions in the supply chains.

In May, the Ministry of Finance has revised its prognosis anticipating economic growth to reach 1.9% in 2022 (down from the March forecast of 2.1%) Projections for 2023 were also cutback to 2.6% (as opposed to 5 3 projected in March).

MARKET REPORT Q2 2022

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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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