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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