Spectator on facebook

Spectator on facebook

IMF changes prognosis for Slovakia

The International Monetary Fund (IMF) worsened its prognoses for Slovakia for this and next year, the Pravda daily reported on August 16.

The International Monetary Fund (IMF) worsened its prognoses for Slovakia for this and next year, the Pravda daily reported on August 16.

The economy should grow at 0.6 percent this year, compared to the original forecast of 1.4 percent. IMF also downgraded the growth for 2014 to 2.3 percent, down from 2.7 percent.

If the growth will continue to slow, the government should change its deficit predictions, the IMF said, as reported by Pravda.

The IMF also recommended Slovakia focus on combating unemployment, which stood at 14.25 percent in June.

The fund also warned against the increasing public debt, which it predicts will exceed 57 percent of GDP in two years, even though the Finance Ministry predicts the debt will stay below this level, the Hospodárske Noviny daily wrote.

Source: Pravda, Hospodárske Noviny

Compiled by Radka Minarechová from press reports

The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

Rules for hiring foreigners are simpler. For exceptions

Despite positive changes, employers still point to some barriers preventing more effective and simpler recruitment of foreign workers.

Some problems with Foreigners’ Police continue.

For a Decent Slovakia protests to resume on Friday

After a summer break, organisers of the protests that have drawn masses to Slovakia’s streets stated that their – and the citizens’ – demands are far from being met.

For A Decent Slovakia march on June 22, 2018, in Bratislava.

News isn’t negative because journalists are cynical

The problem is caused by the demand side.

What is it like to study at a foreign college? Students explain to high-schoolers

Some Slovak students who study abroad already have work offers.

Students during the workshop