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Wages on the rise (June 2018)

Slovak economy will speed up and gain 4.1 per cent in 2018. The boost is expected to be driven by household consumption and private investment. Nominal wage growth is set to be the fastest since the crisis, thus adding to the inflation pressures. 40 thousand new jobs will push the unemployment rate below 7 per cent. In the coming year, the economic growth will further accelerate as the automotive sector takes over the role. The new macroeconomic forecast has a positive impact on tax bases throughout the medium-term horizon.