IMF projects Slovakia’s GDP growth at 2.3 percent in 2014

The pace of growth of Slovakia’s economy is forecast to accelerate markedly in 2014, according to the latest World Economic Outlook released by the International Monetary Fund (IMF). Based on the IMF forecast published on April 8 in the US, Slovakia’s GDP is likely to grow by 2.3 percent in 2014 - up from 0.9 percent in 2013, with the figure predicted to rise to 3 percent in the following year.

The pace of growth of Slovakia’s economy is forecast to accelerate markedly in 2014, according to the latest World Economic Outlook released by the International Monetary Fund (IMF).

Based on the IMF forecast published on April 8 in the US, Slovakia’s GDP is likely to grow by 2.3 percent in 2014 - up from 0.9 percent in 2013, with the figure predicted to rise to 3 percent in the following year.

Conversely, the growth of consumer prices will decelerate from 1.5 percent in 2013 to 0.7 percent in 2014. The IMF has estimated, as quoted by the TASR newswire, that in 2015 inflation will jump back to 1.6 percent. In addition, the uplift in the economy should translate into slight reductions in the unemployment rate. It's been calculated that the figure will average 13.9 percent in 2014 and 13.6 percent in 2015, compared to 14.2 percent forecast for 2013.

(Source: TASR)
Compiled by Zuzana Vilikovská 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

Kočner allegedly made a death threat against ex-general prosecutor Trnka

The recently published conversation concerns the Gorilla file, describing corruptive practices.

Marian Kočner in court.

Slovakia shoulders a heavier tax-levy burden than most, experts opine

The Slovak tax system is more generous to families than to single persons.

In the field of corporate taxation, Slovakia ranks among the most burdened of OECD countries.

First-aid kits in cars will not have to be replaced after expiration

The expiration will not be checked anymore, the Transport Ministry has decided.

Illustrative stock photo

Slovakia's best photo of 2019: Kočner hiding in a police car

Take a look at the best photos from the 2019 Slovak Press Photo contest.

The picture of controversial businessman Marián Kočner, taken by Denník N photographer Tomáš Benedikovič, wins the singles category in the News section of the 2019 Slovak Press Photo contest