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. 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.

Get daily Slovak news directly to your inbox

Theme: Economics

Read more articles by the topic

Top stories

News digest: Who is ready for a vaccine in Slovakia

Vlhová won again. Boris Kollár is at home and will meet coalition partners to discuss GP vote. Justice Minister shows a new map.

Illustrative stock photo

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

From COVID-19 miracle to apparent resignation to death and dying

The natural reflex of all failed politicians – and their uncritical fan clubs – is to point to cultural or geographical differences between “us” and “them”.

The COVID-19 ward in the University Hospital Martin