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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.

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