So far clear sky, yet partly cloudy abroad (February 2019)
Macroeconomic forecast 2018 – 2022
Slovak business cycle peaked in 2018 when the economic growth hit 4.3 per cent. In 2019 the growth will ease off to 4.0 per cent. The slowdown comes with the decline in foreign demand, yet the new automotive production and firm labour market shall prop up the economy. The raise in public sector wages together with strong wage growth in the private sector will add to the household consumption. The inflation rate will be close to 2.5 per cent throughout the forecasting horizon.