Macroeconomic Forecast Slovakia

The unemployment rate continued to fall in May to 12.2% down from 12.5% in April. This signals further stabilization of the labour market as firms respond to rising demand. As a result of this and owing to our higher growth forecast of 2.7% in 2010, we have in turn adjusted our unemployment forecasts down over the medium term, with the jobless rate to fall to 11.0% and 9.0% by the end of 2010 and 2012 respectively.

To read the full article, please choose one of the following options: