BUSINESS IN SHORT

IMF expects 1.4-percent growth

SLOVAKIA’S economy is expected to grow by 1.4 percent in 2013, according to the latest prognosis of the International Monetary Fund (IMF). In 2014, gross domestic product is forecast to grow by 2.7 percent, the SITA newswire reported.

SLOVAKIA’S economy is expected to grow by 1.4 percent in 2013, according to the latest prognosis of the International Monetary Fund (IMF). In 2014, gross domestic product is forecast to grow by 2.7 percent, the SITA newswire reported.

The IMF expects the inflation of consumer prices in Slovakia to be 1.9 percent this year and 2 percent in 2014.

However, the unemployment rate will remain stagnant throughout this year and the next, at 14.3 percent.

The IMF gave its prognosis in its latest forecast of the global economy, which was published on April 16. The economy of the eurozone will decline this year, according to the IMF forecast, by 0.3 percent, but next year it should grow by 1.1 percent, SITA wrote.

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