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

Massive gatherings remember Kuciak and Kušnírová: We did not forget!

One year after the murder of journalist Ján Kuciak, large protests took place around Slovakia.

Protest gathering in Bratislava, February 21, 2019.

Journalists one year after the murder: We will not forget

More than 420 journalists have signed the statement issued exactly one year after the murder of Ján Kuciak and Martina Kušnírová.

Murder of journalist: We need to see indictments of masterminds soon

International journalists’ organisations are “cautiously optimistic” after meeting investigators of the Kuciak murder.

Ján Kuciak

Ján Kuciak and Martina Kušnírová were murdered one year ago (timeline)

These are the notable moments of the first year since the murder.

Paying tribute to Ján Kuciak and Martina Kušnírová.