EC Prognosis: Slovakia's GDP Growth to stand at 4.8 percent in 2021

Slovakia's GDP growth is projected to reach a level of 4.8 percent this year and 5.2 percent in 2022, according to a spring economic prognosis released by the European Commission on Wednesday. Meanwhile, the forecasts indicated that the GDP of the 19-member Eurozone should see growth of 4.3 percent this year and 4.4 percent in 2022. The EU as a whole is expected to notch up 4.2-percent growth in both 2021 and 2022. According to the data, Slovakia is set to record the seventh steepest growth in the EU this year, and should drop one place in this regard next year. When it comes to unemployment, Slovakia's projected 7.4-percent unemployment rate in 2021 should be the 12th lowest among EU-member countries along with that of Luxembourg. Slovakia is expected to remain in 12th place in the ranking in 2022, but this time with an unemployment rate of 6.6 percent.