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The Slovak economy should increase by 4.6 percent this year.

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This stems from a revised macroeconomic prognosis issued by the analysts of the Institute for Financial Policy (IFP), operating under the Finance Ministry. Back in March, they predicted that GDP would rise by only 3.3 percent.

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On the other hand, the IFP worsened its forecast for 2022, when it said that the economy will increase by 5 percent, which is 1.3 percentage points less than in the previous prognosis.

The revised macroeconomic forecast approximates the predictions of the international institutions and organisations. The European Commission expects the GDP growth of Slovakia at 4.8 percent, while the International Monetary Fund predicts a 4.7 percent growth.

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