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The Labour Market Fever (February 2018)

The Slovak economy is projected to accelerate to 4.2 per cent this year, against the backdrop of firming household consumption, strong export growth and solid private investment. Wages will gain steam accordingly, propping up inflation. The economy will add 40 thousand new jobs, while unemployment will tumble to new historical lows. In 2019, growth is set to firm further, owing to new automotive production capacities.