MF as well as NBS expect slow growth pace to continue

The Finance Ministry and central bank NBS updated their forecasts. While the ministry slightly raised its GDP growth estimate for 2027-28, NBS left its projections unchanged. Finance Ministry / NBS forecasts for GDP change, inflation, real wage change and unemployment in %:

	2026	2027	2028
GDP	0.8 / 0.8	1.8 / 1.9	1.6 / 2.7
inflation	3.7 / 3.6	2.9 / 3.3	4.4 / 3.7
wages	0.8 / 1.0	1.4 / 1.1	0.0 / 1.1
unemp.	5.8 / 5.8	5.8 / 6.0	5.7 / 6.0

(NBS, MF) The household savings rate fell to 5.1% of income this year, one of the lowest levels on record, NBS warned. (dennikn.sk) A balanced budget, which the debt brake law requires at the current debt level, would cut GDP by 3.7% next year and cost 120,000 people their jobs if achieved through spending cuts, the Finance Ministry calculated.

(sme.sk)