The economy should rise at nearly 4 percent

The central bank’s survey of analysts showed expectations of GDP at 3.3 percent for 2017.

The automotive industry, illustartive stock photoThe automotive industry, illustartive stock photo(Source: Sme)

The survey of analysts carried out in October by the National Bank of Slovakia (NBS), the country’s central bank, showed GDP growth at 3.3 percent by the end of this year.

Bank analysts have not changed their estimate compared to the previous month, the TASR newswire wrote on October 25.

GDP growth should accelerate next year. Analysts predict GDP growth in fixed prices to achieve 3.9 percent, while their forecasts have not changed from September in this respect, either.

Analysts also looked at inflation development in Slovakia: according to them, it should amount to 1.4 percent this year and increase to 1.9 percent in 2018.

This year inflation measured by the national methodology should amount to 1.3 percent, while harmonised inflation should be a 0.1 percentage point higher at 1.4 percent, the SITA newswire wrote. For next year, analysts expect price growth to accelerate, and end-of-year inflation according to both the national methodology and the European Union’s harmonised index should reach 1.9 percent.

Bank analysts expect the European Central Bank’s key refinancing repo rate to remain at zero this year and at 0.10 percent next year.

The bank analysts remain consistent in their forecasts and have left the economic growth forecast unchanged for this and next year for the third month in a row.

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

Triple coalition PS/Spolu/Za Ľudí? Not for now

Kiska said no, but there are talks about a broader pre-election coalition across opposition parties.

Left to right: Igor Matovič (OĽaNO), Ondrej Dostál (OKS), Richard Sulík (SaS), Miroslav Beblavý (Spolu), Michal Truban (PS), Andrej Kiska (Za Ľudí), Alojz Hlina (KDH)

Judge steps down for exchanging messages with Kočner

Several people have resigned after appearing in the Threema communication so far.

David Lindtner

Prosecutor brings charges against Kočner in the Kuciak murder case

Apart from Kočner, three other people were formally charged.

Ján Kuciak and Martina Kušnírová were commemorated in Bratislava on August 26.

Blog: AI and Slovakia: Labor costs to become less important

Which policy challenges and risks will AI bring to converging economies, such as Slovakia? Vladimir Zlacký, Founder of LookingEast.eu, offers an interesting answer.