Economy predicted to fare better, but vaccination more important

The central bank warns of the low vaccination rate may in the end negatively impact GDP.

Illustrative stock photoIllustrative stock photo (Source: TASR)

The Slovak economy should increase by 4.6 percent this year.

Investment Advisory Guide - Your key to understanding the Slovak business environment Investment Advisory Guide - Your key to understanding the Slovak business environment

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.

SkryťTurn off ads
Article continues after video advertisement
SkryťTurn off ads
Article continues after video advertisement

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.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Top stories

News digest: Ukrainians in control of four Slovak fighter jets now

An Italian recipe, three free things to do in Bratislava, and a Slovak MP's fiasco in Brussels.


12 h
Filip Toška holding chard in the hydroponic Hausnatura farm.

How a Mayan doomsday prophecy took a Slovak to hi-tech agriculture

Hydroponic farm run out of former telephone exchange.


9. mar
Lívia Vašáková heads the Recovery Plan Department at the Government Office.

Reform delays put recovery plan payments in doubt

Slovakia gets second tranche of EU cash, more due later this year.


22. mar
Friends drinking a kapurková shot.

Slovak Matters: Departures, even when drinking

The last column was dedicated to saying hello; now we go over the last word, whether saying goodbye or taking the customary last shot.


21. mar
SkryťClose ad