The Organization for Economic Co-operation and Development (OECD) has increased its estimate of Slovakia’s GDP growth in 2014 by 0.1 percentage points to 2 percent and kept the estimate for 2015 unchanged at 2.9 percent, TASR learnt on Tuesday. Slovakia in 2014 should achieve the second-highest GDP growth among the OECD members that are part of Eurozone.
The OECD believes that the expected revival on the labour market will result in an increase in household consumption - for the first time in five years. Slovakia’s growth should also be driven by exports, which should thrive due to expected positive developments in the Eurozone. Moreover, the Slovak Government should manage to keep the public-finance deficit under 3 percent of GDP in 2014 and 2015, while public debt won’t exceed 57 percent, believes the OECD.
