The growth rate of the Slovak economy is expected to recover in the next two years after a slowdown this year. OECD expect it in its updated outlook. The reason for that will be a slowdown in inflation that will boost consumer demand.
The OECD expects Slovakia's GDP growth rate to return to the rate from the previous year - 1.8%
The biggest risks to the forecast are ineffective usage of EU funds and well higher energy prices.
According to the OECD, Slovakia needs sustained fiscal consolidation designed in a way that does not harm growth or social justice - This requires reforming pensions, using spending more efficiently and broadening tax bases.
TASR
Martin Bednárik, Photo: TASR
