RRZ puts the likelihood of a recession in Slovakia at 90%

13.03.2020

The Slovak economy might contract this year, warns the fiscal responsibility council RRZ, putting the likelihood of a recession at 90%. Even without the recession, public finances face a 2.4% of GDP deficit this year, also thanks to the recently approved changes to the pension system. The long-term sustainability of public finances deteriorated substantially last year, to the level last seen shortly after the 2008 global financial crisis.

 

(RRZ)

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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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