OREANDA-NEWS Of all EU countries, Slovakia's economy has been hit hardest by the consequences of the fighting in Ukraine, Euractiv writes, citing the European Commission's macroeconomic forecast, according to Gazeta.ru.

"Slovakia's economic prospects are overshadowed by the consequences of the fighting, which is causing a severe supply shock. Sharp increases in energy and commodity prices are expected to raise production costs and reduce households' purchasing power, which will slow growth," the forecast said.

Slovakia's GDP is expected to grow 2.3 percent in 2022, up from the February forecast of 5 percent.

Earlier it was reported that EU trade in agri-food products increased in January by 25%, to €28.3 billion.

Of the total trade, agri-food exports amounted to €15.8 billion and imports to €12.5 billion, with respective increases of 16% and 38%. Exports to Great Britain grew the most, by €894 million, i.e. an increase of 36%. Total exports to this country amounted to €3.4 billion. The UK is also the leader in imports. In January, it increased by 137% to €1 billion, or €598 million.