IMF: Slovak GDP to rise to 3.3 percent

Consumer prices will rise, while the jobless rate will continue dropping, the latest prognosis shows.

Illustrative stock photoIllustrative stock photo(Source: AP/TASR)

Slovakia’s economy will rise to 3.3 percent this year, while next year its growth will accelerate to 3.7 percent, according to the latest prognosis of the International Monetary Fund (IMF).

Consumer prices are expected to increase by 1.2 percent this year and 1.5 percent in 2018. The unemployment rate in Slovakia will drop to 7.9 percent from last year’s 9.7 percent, and in 2018 it should fall to 7.4 percent, the IMF predicts, as reported by the SITA newswire.

Read also:Central bank: Economy to rise by 3.2 percent

Meanwhile, the IMF expects the global economy to rise to 3.5 percent this year, up from 3.1 percent in 2016. The economy of the eurozone is expected to increase 1.7 percent this year, the same tempo as in the previous year, SITA reported.

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.

Theme: Economics


Top stories

Why should companies and NGOs help schools?

School graduates often do not meet the latest labour market requirements.

One of the trainings organised by Accenture.

Will Slovakia's former PM return to politics?

Iveta Radičová's government fell because of the bailout mechanism eight years ago.

Former PM Iveta Radičová (right) with President Andrej Kiska (right.

Defense Cooperation Agreement with the USA, explained

If Slovakia continues to reject €93 million within the pact, Hungary may get the money.

Defence Minister Peter Gajdoš visits the military airport in Kuchyňa, western Slovakia.