Research Detail
| 2023/10/06 / Ceska Sporitelna Research |
EU News Monthly October 2023 In the 2nd quarter of 2023, seasonally adjusted GDP was stable in the EU compared with the previous quarter, when it had increased by 0.2%. Year-on-year, seasonally adjusted GDP increased by 0.4% in the 2nd quarter of 2023 compared to the same period of 2022. In parliamentary elections in Slovakia, after all votes were counted, the victor was the Směr-Socialní demokracie (Směr-SD) party of former Prime Minister Robert Fico, which gained 22.94 percent of the vote. The liberal Progresivní Slovensko party came in second with 17.96 percent of the vote. After six quarters of registering a deficit, the EU trade balance returned to a surplus in the second quarter of 2023 due to a decline in energy prices. Recent trade data show that in the second quarter of 2023, exports fell by 2.0% and imports by 3.5%, resulting in a small trade surplus of €1 billion. Volvo is planning to double the production capacity of the electric car factory it is building in Slovakia. This would bring the capacity of the plant near Košice to half a million vehicles a year. Slovakia is already the world's largest car manufacturer per capita by population. |
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General information
| Author | Ceska Sporitelna Research |
| Date | 2023/10/06 |
| Language |  |
| Product name | EU News Monthly |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | Czech Republic |
| Currency in focus | Czech Koruna |
| Sector in focus | - |
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