Doha: Slovakia's economic growth rate declined during the second quarter of this year. Preliminary data from the Slovak Statistical Office released today showed that the country's economy grew by 0.4% annually, excluding seasonal changes, during the second quarter of this year, compared to 0.9% growth in the first quarter. At the same time, the growth rate fell to its lowest level since the first quarter of 2023.

According to Qatar News Agency, the Slovak economy's growth was supported by domestic demand, driven by investment and consumer spending. The growth rate during the second quarter, after taking seasonal variables into account, reached 0.6%, compared to 0.8% during the first quarter.

On a quarterly basis, the growth rate during the second quarter stabilized at 0.1%, which is the same quarterly growth rate during the first quarter.