{"id":59396,"date":"2026-05-02T15:45:08","date_gmt":"2026-05-02T15:45:08","guid":{"rendered":"https:\/\/www.europesays.com\/sk\/59396\/"},"modified":"2026-05-02T15:45:08","modified_gmt":"2026-05-02T15:45:08","slug":"vychod-europy-je-vyrazne-vykonnejsi-nez-sa-cakalo","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/sk\/59396\/","title":{"rendered":"V\u00fdchod Eur\u00f3py je v\u00fdrazne v\u00fdkonnej\u0161\u00ed, ne\u017e sa \u010dakalo"},"content":{"rendered":"<p>Ekonomiky strednej a v\u00fdchodnej Eur\u00f3py rast\u00fa v roku 2026 v\u00fdrazne r\u00fdchlej\u0161ie ako jadro euroz\u00f3ny. A pod\u013ea najnov\u0161ej jarnej progn\u00f3zy Viedensk\u00e9ho in\u0161tit\u00fatu pre medzin\u00e1rodn\u00e9 ekonomick\u00e9 \u0161t\u00fadie (wiiw) to tak zostane aj napriek pretrv\u00e1vaj\u00facej energetickej kr\u00edze, ktor\u00fa vyvolala vojna v Ir\u00e1ne, respekt\u00edve na Bl\u00edzkom v\u00fdchode, <a href=\"https:\/\/www.teraz.sk\/ekonomika\/vychodna-europa-rastie-rychlejsie-a\/959704-clanok.html\" rel=\"nofollow noopener\" target=\"_blank\">informuje<\/a> spravodajsk\u00fd port\u00e1l agent\u00fary TASR (Teraz.sk).<\/p>\n<p>Regi\u00f3n v\u0161ak stoj\u00ed na prahu \u0161truktur\u00e1lnej zmeny, ktor\u00e1 m\u00f4\u017ee jeho dlhodob\u00e9 ekonomick\u00e9 postavenie zmeni\u0165. \u00c9ra lacnej pracovnej sily ako hlavnej konkuren\u010dnej v\u00fdhody sa toti\u017e postupne ch\u00fdli ku koncu.<\/p>\n<p>Regi\u00f3n rastie, euroz\u00f3na zaost\u00e1va<\/p>\n<p>Pod\u013ea jarnej progn\u00f3zy wiiw z apr\u00edla 2026 dosiahnu \u010dlensk\u00e9 \u0161t\u00e1ty E\u00da v strednej a v\u00fdchodnej Eur\u00f3pe v tomto roku priemern\u00fd rast hrub\u00e9ho dom\u00e1ceho produktu na \u00farovni 2,3 percenta. Euroz\u00f3na ako celok pritom zvl\u00e1dne len 0,9 percenta. Z toho vypl\u00fdva, \u017ee regi\u00f3n rastie takmer trojn\u00e1sobne r\u00fdchlej\u0161ie.<\/p>\n<p>Wiiw vydal podobn\u00fa progn\u00f3zu aj vo febru\u00e1ri tohto roku, ke\u010f odhadoval priemern\u00fd rast v regi\u00f3ne na 2,6 percenta. Febru\u00e1rov\u00e1 spr\u00e1va konkr\u00e9tne uv\u00e1dzala, \u017ee l\u00eddrom v sledovanej skupine zost\u00e1va Po\u013esko, a to s predpokladan\u00fdm rastom 3,7 percenta. Nasledovala Litva (3 percent\u00e1) a Chorv\u00e1tsko (2,8 percenta). <\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"2000\" height=\"1333\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.europesays.com\/sk\/wp-content\/uploads\/2026\/05\/peniaze-bankovky-euro.jpg\" alt=\"hotovos\u0165, peniaze\" class=\"wp-image-310072\"  \/><\/p>\n<p>\t\tIlustr. obr. | Zdroj: <a href=\"https:\/\/depositphotos.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Depositphotos<\/a><\/p>\n<p>Koniec lacnej pracovnej sily?<\/p>\n<p>Jedn\u00fdm z k\u013e\u00fa\u010dov\u00fdch varovn\u00fdch sign\u00e1lov je klesaj\u00faca cenov\u00e1 konkurencieschopnos\u0165. Model stredoeur\u00f3pskych a v\u00fdchodoeur\u00f3pskych kraj\u00edn ako v\u00fdrobn\u00fdch z\u00e1kladn\u00ed pre z\u00e1padn\u00e9 priemyseln\u00e9 koncerny st\u00e1l dek\u00e1dy na jednom pilieri, a s\u00edce relat\u00edvne n\u00edzkych mzdov\u00fdch n\u00e1kladoch, hoc aj kvalifikovanej pracovnej sily. T\u00e1to rovnica, ako sme spomenuli, postupne prest\u00e1va plati\u0165.<\/p>\n<p>Mzdy v regi\u00f3ne dokonca rast\u00fa v\u00fdrazne r\u00fdchlej\u0161ie ako v z\u00e1padnej Eur\u00f3pe, av\u0161ak rast produktivity pr\u00e1ce zost\u00e1va pozadu. Pod\u013ea d\u00e1t In\u0161tit\u00fatu pre strat\u00e9gie a anal\u00fdzy (ISA) st\u00fapli na Slovensku hodinov\u00e9 n\u00e1klady pr\u00e1ce v priebehu 15 rokov (2008 a\u017e 2023) o 146 percent, \u010do bolo najviac spomedzi kraj\u00edn Vy\u0161ehradskej \u0161tvorky.\u00a0<\/p>\n<p>Pre porovnanie, v \u010cesku st\u00fapli o 96 percent, v Po\u013esku o 91 percent a v Ma\u010farsku o 64 percent. Priemer E\u00da sa za rovnak\u00e9 obdobie zv\u00fd\u0161il o 47 percent.<\/p>\n<p>Slovensko si pod\u013ea ISA t\u00fato situ\u00e1ciu zatia\u013e kompenzuje vy\u0161\u0161\u00edm rastom produktivity, v tomto smere sme boli v roku 2022 najvy\u0161\u0161ie spomedzi kraj\u00edn V4. Ak v\u0161ak bude rast miezd pokra\u010dova\u0165 v takomto tempe bez toho, aby mu zodpovedal rast produktivity, cenov\u00e1 v\u00fdhoda regi\u00f3nu ako v\u00fdrobnej lokality sa bude postupne vytr\u00e1ca\u0165.\u00a0<\/p>\n<p>S t\u00fdm s\u00favis\u00ed aj pokles priamych zahrani\u010dn\u00fdch invest\u00edci\u00ed. Firmy cielia na \u010do najvy\u0161\u0161\u00ed zisk, a preto d\u00f4sledne porovn\u00e1vaj\u00fa mzdov\u00e9 n\u00e1klady v strednej Eur\u00f3pe s \u010doraz agres\u00edvnej\u0161ou ponukou \u010d\u00ednskych v\u00fdrobcov, ktor\u00ed s\u00fa schopn\u00ed vyr\u00e1ba\u0165 lacnej\u0161ie a \u010dasto aj kvalitnej\u0161ie.<\/p>\n<p>Zbrojenie ako nov\u00fd motor rastu<\/p>\n<p>Po prv\u00fd raz od za\u010diatku 90. rokov minul\u00e9ho storo\u010dia prispievaj\u00fa rast\u00face v\u00fddavky na obranu k hospod\u00e1rskemu rastu v strednej a v\u00fdchodnej Eur\u00f3pe rovnako silno, ba dokonca silnej\u0161ie ako priame zahrani\u010dn\u00e9 invest\u00edcie.<\/p>\n<p>Tento posun je priamym d\u00f4sledkom geopolitickej situ\u00e1cie. Krajiny regi\u00f3nu, znepokojen\u00e9 vojnou na Ukrajine a nestabilitou na Bl\u00edzkom v\u00fdchode, mas\u00edvne zvy\u0161uj\u00fa obrann\u00e9 rozpo\u010dty. <\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1500\" height=\"1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.europesays.com\/sk\/wp-content\/uploads\/2026\/05\/euro-peniaze2.jpg\" alt=\"peniaze, bankovky, mince, rast ekonomiky\" class=\"wp-image-312922\"  \/><\/p>\n<p>\t\tIlustr. obr. | Zdroj: <a href=\"https:\/\/depositphotos.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Depositphotos<\/a><\/p>\n<p>Novinky.cz minul\u00fd mesiac <a href=\"https:\/\/www.novinky.cz\/clanek\/ekonomika-evropa-zbroji-jak-o-zivot-jde-za-ni-petina-svetovych-vydaju-40564236\" rel=\"nofollow noopener\" target=\"_blank\">citovali<\/a> spr\u00e1vu Medzin\u00e1rodn\u00e9ho in\u0161tit\u00fatu pre strategick\u00e9 \u0161t\u00fadie (IISS), pod\u013ea ktorej sa eur\u00f3pske v\u00fddavky na obranu v rokoch 2024 a 2025 v re\u00e1lnych hodnot\u00e1ch zv\u00fd\u0161ili o takmer 13 percent. Eur\u00f3pa dnes tvor\u00ed viac ako 21 percent celosvetov\u00fdch v\u00fddavkov na obranu, zatia\u013e \u010do v roku 2022 to bolo len 17 percent.<\/p>\n<p>\u010co z toho vypl\u00fdva pre Slov\u00e1kov?<\/p>\n<p>Slovensko je s\u00fa\u010das\u0165ou tohto diania v oboch smeroch, teda ako v smere rastu, tak aj v smere \u0161truktur\u00e1lnych v\u00fdziev. Na jednej strane profitujeme z relat\u00edvne silnej dom\u00e1cej spotreby, rastu miezd a \u0161truktur\u00e1lnych fondov E\u00da. Na druhej strane \u010del\u00edme presne t\u00fdm probl\u00e9mom, na ktor\u00e9 wiiw upozor\u0148uje, teda r\u00fdchlo rast\u00face mzdov\u00e9 n\u00e1klady, spoma\u013euj\u00face priame zahrani\u010dn\u00e9 invest\u00edcie a rast\u00faca konkurencia \u010d\u00ednskych v\u00fdrobcov na eur\u00f3pskom trhu.<\/p>\n","protected":false},"excerpt":{"rendered":"Ekonomiky strednej a v\u00fdchodnej Eur\u00f3py rast\u00fa v roku 2026 v\u00fdrazne r\u00fdchlej\u0161ie ako jadro euroz\u00f3ny. A pod\u013ea najnov\u0161ej jarnej&hellip;\n","protected":false},"author":2,"featured_media":59397,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[4341,66,57,56,55,20375,921,6660,23575,43,40,42,41,23576],"class_list":{"0":"post-59396","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-europa","8":"tag-blizky-vychod","9":"tag-ekonomika","10":"tag-eu","11":"tag-europa","12":"tag-europe","13":"tag-eurozona","14":"tag-iran","15":"tag-percenta","16":"tag-rast-ekonomiky","17":"tag-sk","18":"tag-slovak","19":"tag-slovencina","20":"tag-slovensko","21":"tag-vydavky-na-obranu"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@sk\/116505760437516286","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/59396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/comments?post=59396"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/59396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/59397"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=59396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=59396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=59396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}