Slovakia's Economy Grows While Eurozone GDP Falls in First Quarter

Slovakia's gross domestic product increased in the first quarter compared to the same period last year, though the growth rate remained modest. The positive performance contrasted with broader European trends, as the eurozone economy contracted by 0.2 percent during the same period. The European Union as a whole saw its economic output decline by 0.1 percent in the first quarter. Slovakia's continued growth, albeit at a slow pace, highlighted divergent economic conditions across EU member states at the beginning of 2024.