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Labour market continues to strengthen

The Slovak economy will grow 3.2 per cent this year, despite the worsening global outlook. The labour market will add 39 thousand new jobs, which will reduce the unemployment rate below 10 per cent. Lower inflation rate will spur the real wage growth. Next year, the economic growth will further expand due to investment activity in the automotive sector and due to highway construction D4 / R7. The main risk of the forecast stems from the Brexit. The forecast has no significant effect on the tax base this year.