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Moody’s Confirms Bad Outlook for Slovakia

Published: April 17, 2013; 11:13 · (Vindobona)

Ongoing difficulties and slow economic growth in Eurozone are the main factors.

Moody’s Confirms Bad Outlook for Slovakia / Picture: © Vindobona.org

Ratings agency Moody’s has confirmed the negative outlook for Slovakia’s banking industry. The agency considers the continuing weak economic performance in the Eurozone to negatively affect economic growth in Slovakia and subsequently the banking industry in the country.

Deteriorating demand in foreign countries and the decreasing domestic purchase power combined with a raise…

This article includes a total of 198 words.

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