The National Bank of Slovakia (NBS) confirmed the figures that analysts have worked with for several weeks now: Slovakia’s economic growth is predicted to slow down.
In 2019, growth is expected to decelerate to 2.5 percent. One year later, it will drop to 2.4 percent.
“The Slovak economy is going downhill, but there is no sign of an abyss at this point,” NBS governor Peter Kažimír told the press conference, where he presented the bank’s medium-term forecast, as quoted by the SITA newswire.
However, the economy is expected to accelerate to 2.7 percent in 2021.
No need to panic
24. Sep 2019 at 21:46 | Compiled by Spectator staff