IMF forecasts Slovakia's GDP will grow by 2.4 percent this year

The Slovak economy, which last year grew by 3.3 percent, will grow by only 2.4 percent this year, according to a prognosis published by the International Monetary Fund (IMF) as part of its latest global economic outlook, the SITA newswire reported.

The Slovak economy, which last year grew by 3.3 percent, will grow by only 2.4 percent this year, according to a prognosis published by the International Monetary Fund (IMF) as part of its latest global economic outlook, the SITA newswire reported.

Next year, Slovakia's economic growth should accelerate to 3.1 percent. The IMF estimates growth in consumer prices to slow from last year's 4.1 percent to 3.8 percent this year and 2.3 percent next year. Meanwhile, the fund expects the unemployment rate to fluctuate. The rate should increase to 13.8 percent this year, up from last year's 13.4 percent, while next year should bring a slight drop to 13.6 percent.

Source: SITA

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Get daily Slovak news directly to your inbox

Top stories

Slovakia orders a curfew and embarks on its COVID experiment

High turnout in testing in four northern districts, decision awaited on extending the project to the nation. Prison for a prominent prosecutor and parliament's speaker injured.

Waiting for the results of COVID tests during the pilot phase of the nationwide testing in the town of Nižná in Orava, northern Slovakia.

No balanced budget for next three years, this time due to COVID-19

2021-2023 general government budgets lack consolidation measures.

Finance Minister Eduard Heger

Pity the nation

Americans’ choice of president on November 3 will affect Slovaks too.

The second US presidential debate.

Extension of the tram line deeper into Bratislava’s Petržalka is closer to completion

After completion, passengers will be able to go from the very end of Petržalka to the city centre in 10 minutes.

The current tram terminal station on Jungmannova Street in Petržalka.