Spectator on facebook

Spectator on facebook

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 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: 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.

Topic: Economics


Top stories

EC: Focus on education and labour market

Some recommendations remain the same as last year.

Illustrative stock photo

No Slovaks among the victims of Manchester attack so far

The representatives of Slovakia have expressed their sympathy to the families of the victims.

Police guard close to the Manchester Arena in Manchester, Britain, on May 23, 2017, a day after an explosion.

Slovak paralympic athletes win gold and bronze at World Championship

Three Slovaks became world champions in table tennis in the TM2 category at the World Paralympic Championship in Bratislava.

L-R: Ján Riapoš, Martin Ludrovský in the Slovakia-Taiwan match at the paralympic world championship, May 19.

It's not your Slovakia, Bystrica protesters told Kotleba

President Andrej Kiska spoke to the crowd at the protest gathering, asking Slovaks what kind of country they want to have.