_(2).png)
Ford drives hike in car production in Romania
2 days ago
Slovakia's GDP growth is expected to slow to 2.4% year-on-year in 2019, according to the latest prognosis published by the Finance Ministry on September 19.
“Weaker prospects among our trading partners will squeeze dynamics of Slovakia's labour market and household consumption,” stated Branislav Zudel and Monika Pecsyova from the Institute of Finance Policy (IFP).
IFP has also revised the outlook for Slovakia's GDP growth in 2020, slowing from 3.4% y/y to 2.3%, stressing an expected stagnation in unemployment rate and a deceleration in salary growth.
The unemployment rate is expected to fall to its lowest-ever level of 5.8% in 2019, and then fall further to 5.7% until 2022. The average nominal salary is expected to grow by the highest amount since 2008, up 7.4% in 2019, mostly due to a more than 12% salary hike in the public sector. The outlook for salaries growth in the private sector is 6%. However, the total salary growth will reduce to 5% y/y in the next few years.
Consumer prices are expected to accelerate by 2.5% y/y in 2019, with inflation rate going slightly down to 2-2.3%.
An earlier June prognosis expected GDP to reach a 3.5% growth y/y in 2019, following a 4.1% increase in 2018.
Related Content
Data
Ford drives hike in car production in Romania
Romania’s automobile production increased by 7% y/y to more than 150,000 units in Q1.
Akbank launches spring syndicated loan renewals season for Turkish banks at better costs
Benefits of Turkey’s so-called economic normalisation policy clearly observed in external debt rollovers.
Ukraine's birth rate plummets to 300-year low as country’s population collapses
Ukraine’s population collapsed to 29mn souls last year, according to Ukraine Business News, with just 187,000 births recorded (including in Russian-occupied territories). This is the lowest annual figure in recorded history over the last 300 years.
Russia’s $13.4bn current account surplus in March second highest since 2007
Russia posted a $13.4bn current account surplus in March, more than double February’s $5.5bn and the second highest level for a March since 2007.
Automotive sector output in Hungary edges up 1.6% y/y in February
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
Most Read
-
UBN: The US Needs to Wake Up
1 day ago
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
2 days ago
-
PANNIER: Gulf investment commitments to Central Asia rival sums once pledged by China
14 hours ago
-
Israeli security minister Ben Gvir criticised for mocking alleged strike on Iran
18 hours ago
-
Poland's first nuclear plant may carry €35bn price tag
1 day ago
-
Iran vs Israel: Who is better equipped for war?
6 days ago
-
Saudi Arabia to scale back plans for Neom city
10 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
6 days ago
-
Russia’s war economy boosted by rising oil prices
4 days ago
-
Russia could pay off its entire external debt tomorrow, in cash
20 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
25 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
30 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
23 days ago