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Forecast: Slovakia to reach EU economic average in 2030

THE FINANCE Ministry’s Institute of Financial Policy forecasts that Slovakia could reach the average level of current EU economies in 2030.

In a report entitled Slovakia’s Convergence Toward Developed Economies, the institute predicts that by that date Slovakia's GDP per capita should be 97.6 percent of the EU25 average, while labor productivity per employee should reach 99.7 percent of the EU average.

The country’s average wage should grow to €1,955 a month, while the jobless rate should drop to six percent, the institute believes.

On the other hand, the country’s consumer prices should lag behind those of the EU more considerably, at just 65.7 percent of the EU25 average in 2030, the Sme daily wrote.

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