Slovakia - Wages on the increase - June 30, 2018

The finance ministry published a report that announce a substantial pay increase. The economy will speed up and gain 4.1 per cent in 2018. The boost is expected to be driven by household consumption and private investment. Nominal wage growth is set to be the fastest since the crisis, thus adding to the inflation pressures. 40 thousand new jobs will push the unemployment rate below 7 per cent. In the coming year, the economic growth will further accelerate as the automotive sector stays firm. The new macroeconomic forecast has a positive impact on tax bases throughout the medium-term horizon.

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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI


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