BUSINESS IN SHORT

IMF predicts faster GDP growth

SLOVAKIA’S economic growth will gradually accelerate, according to the latest prognosis of the world economic outlook published by the International Monetary Fund (IMF). It forecasts economic output to rise to 2.3 percent from last year’s 0.9 percent, while in 2015 it expects growth to accelerate to 3 percent, the SITA newswire reported on April 9.

SLOVAKIA’S economic growth will gradually accelerate, according to the latest prognosis of the world economic outlook published by the International Monetary Fund (IMF). It forecasts economic output to rise to 2.3 percent from last year’s 0.9 percent, while in 2015 it expects growth to accelerate to 3 percent, the SITA newswire reported on April 9.

Inflation, meanwhile, is expected to remain low. Consumer prices will rise at just 0.7 percent this year, down from 1.5 percent in 2013. Inflation is forecast to accelerate to 1.6 percent in 2015.

The unemployment rate is predicted to decrease only slightly. Compared to last year’s 14.2 percent, the jobless rate will drop to 13.9 percent this year and to 13.6 percent in 2015, SITA wrote.

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