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IMF worsens Slovakia’s GDP growth prediction

The International Monetary Fund predicts a slight drop in the country’s economic growth for both 2018 and 2019.

IMF building in Washington, DC. (Source: AP/TASR)

The International Monetary Fund (IMF) has slightly worsened its prediction regarding the pace of Slovakia’s economic growth in 2018, the TASR newswire wrote on October 9.

In its current World Economic Outlook report, the IMF predicts the country’s GDP will rise by 3.9 percent in 2018 and 4.1 percent in 2019, following expansion of 3.4 percent in 2017.

In its outlook report for last year, the IMF envisaged Slovakia’s GDP growth to accelerate to 4 percent in 2018 and 4.2 percent in 2019.

The pace of consumer price growth is set to accelerate with the IMF predicting that inflation will stand at 2.6 percent this year following 1.3 percent in 2017. Next year, inflation should slow down again to 2.2 percent.

The IMF expects unemployment to keep falling from 8.1 percent in 2017 to 7.5 percent this year and 6.9 percent in 2019, TASR cited the report.

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Topic: Economics


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