3% growth expected in 2025

The Slovak central bank (NBS) expects the Slovak economy to grow by 3 percent next year, NBS governor Peter Kazimir reported at a press conference presenting the summer prognosis of economic and monetary developments on Thursday.

Year-on-year inflation is expected to drop to 2 percent by the end of this year, while the average inflation for 2024 should reach 3 percent. However, price growth is expected to accelerate slightly in 2025 and 2026, driven by higher energy prices due to the end of energy price subsidies for households.