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MARKET REPORT Q3 2020

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In Q3 2020, COVID-19 pandemic caused a 12.1% year on year slump in Slovakia’s real GDP growth, compared to the 3.7% year on year decline registered throughout the first quarter of the year. Tightening of restrictive measures caused significant declines in both domestic consumption and foreign demand, accompanied by falling investment volumes. Nominal gross wage recorded the first decline in Slovakia’s history, shrinking by 1.2% to €1,088, mainly due to the high number of employees registering incapacity
to work and relying on state support. Overall wage growth for the year is forecasted to add up to 0.6%, rising to 2.9%, 1.9% and 2.9% throughout 2021-2023.

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MARKET REPORT Q3 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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