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 Read more 

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.

Get daily Slovak news directly to your inbox

Theme: Economics

Read more articles by the topic

Top stories

More tips for outings in Bratislava during the lockdown

Walks along the Danube bank offer a feeling of being far from the city rush.

This place, part of Ovsištské Lúky (Ovsište Meadows) in Petržalka, is still Bratislava.

Roundup: Fairytale app that makes children read

An award-winning design by a Slovak architect and a trip to Zádielska dolina valley. Here’s your latest roundup.

A man wearing a face covering sits in an armchair on the snow-covered Main Street in Košice on January 13, 2021.

Police investigate surveillance of journalist, IPI calls for utmost seriousness

Police launch criminal prosecution after Denník N reporter said she was followed and opposition MP Robert Fico wrote about her private life.

l-r: Head of Let's Stop Corruption Foundation Zuzana Petková, journalist Monika Tódová, journalist Adam Valček, and Xénia Makarová of the Let's Stop Corruption Foundation