Posted by on 12 May 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Latest IMF predictions for Slovakia

According to the IMF’s latest forecast, the Slovak economy will slow down over the coming year and should see growth of around 4.2% in 2012. Last year the country enjoyed 4% growth, while this year’s GDP projection is 3.8%.

The IMF also forecasts a drop in exports for Slovakia from the 16.4% year-on-year figure in 2010 to just 8.5% in 2011, with this expected to fall further also in 2012. Overall inflation is forecast to increase to 3.4% this year from 0.7% last year.

The public deficit is forecast to fall slowly from the massive 8.2% of GDP last year to around 5.2% this year, while growth in public debt should bottom at 45.1% of the GDP this year.

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