The Slovak economy will grow at a much slower pace than had been expected, according to the latest estimates of commercial bank analysts regularly polled by the Central Bank. In August, bank analysts revised their July GDP growth forecast downward to 2.8 percent for this year. They also lowered the economic growth estimate for 2020 from 3.1 percent to 2.7 percent. Despite the anticipated economic downturn, analysts for now are not significantly changing their forecasts of other indicators. The harmonized inflation estimate was raised only slightly at 2.5 percent this year and 2.3 percent in 2020. Unemployment is projected to reach 5.8 percent in late 2019.
Anca Dragu, Photo: AP/TASR
