Four per cent economic growth expected next year
The Slovak economy will expand by 3.3 per cent this year, driven by both private consumption and foreign demand. The labour market will create over 42 thousand new jobs and the unemployment rate is set to decline further. Next year, growth will accelerate to 4 per cent, owing chiefly to investments in the automotive sector. Dynamic growth in real wages and employment will further buttress growth. Risks to the outlook stem from increasing global geopolitical tensions, hard Brexit and the rise of protectionism.