The pace of Slovakia's economic growth is set to approach four percent in the next few years, driven mainly by domestic consumption and a record employment rate, TASR learnt from the latest forecast of the International Monetary Fund (IMF) on Thursday. According to the Finance Ministry, the IMF prognosis confirms good prospects for the Slovak economy. The rapid economic growth and increased efficiency of public finances have helped to reduce the public administration deficit over the past few years. The IMF expects Slovakia to see a balanced budget in 2020 thanks to which a sufficient fiscal pillow will be created to handle unexpected macroeconomic shocks.
Gavin Shoebridge, Photo: AP/TASR
