GDP will fall 9.3% this year

That the Slovak GDP will fall 9.3% this year is the most plausible scenario in the updated NBS prediction. A month ago, a 9% contraction was the most pessimistic scenario, but since then NBS has collected new data from abroad, as well as from eKasa, Skytoll and energy companies. About 45-100,000 jobs will be lost this year, and the government’s measures have saved about 50,000 jobs so far. The public finance deficit will be 6.9-10.3% of GDP this year. Next year, the economy is forecast to grow 8%.

(sme.sk)