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IMF Issues Optimistic Forecast for Slovakia
According to IMF, Slovakia´s economy will grow by 3.3% this year. However, the forecast had to be reduced compared to the prior forecast.
IMF Issues Optimistic Forecast for Slovakia / Picture: © Wikimedia Commons [CC0 1.0] / Pixabay [CC0 Creative Commons]
In July, IMF anticipated a GDP growth of 3.5% in 2012. Now, the forecast had to be cut to 3.3%. However, this is still highly favorable compared to the rest of the Eurozone. This year, the Eurozone faces a recession. GDP is expected to shrink by 0.2%.
Next year, the Slovak GDP should increase by 3.6%, which is 0.3 percentage points less than in the prior statement.
The…
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