Slovakia Current Account Deficit Widens in October 📉
Slovakia's current account deficit widened in October 2024 due to a shrinking goods account surplus and an increased secondary income gap, partially offset by a rise in the services account surplus and a narrowing of the primary income deficit.
The widening of Slovakia's current account deficit, driven by a shrinking goods account surplus and an increased secondary income gap, suggests a potential slowdown in the country's economic performance. This could have a moderate negative impact on the investment portfolio, as it may lead to decreased demand and lower returns for some of the portfolio's European and emerging market exposures.