Slovak Republic: 2010 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

September 14, 2010

Preview Citation

Format: Chicago

Slovak Republic: 2010 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Summary

The economy is emerging from a deep recession. The downturn has, however, exacerbated the unemployment problem. The authorities and IMF staff agreed that the recession represents a permanent loss of potential output and lower potential growth. Relatively sound fiscal policies in the pre-crisis period helped contain the deficit and bring down the public debt. The financial sector is weathering the global financial crisis generally well. Unemployment and its regional dispersion are a major concern. The share of workers with higher education is low.

Subject: Expenditure, Labor, Public debt, Social security contributions, Taxes, Unemployment, Unemployment rate

Keywords: Appendix I. Slovak Republic, CR, Deficit, Deficit target, Euro adoption, External shock, Global, Government, IMF staff calculation, ISCR, Liability positions vis, Market share, Social security contributions, Unemployment, Unemployment rate, Unit value trade price price index, Vis nonresident

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/290
Stock No:

1SVKEA2010001
ISBN:

9781455207817
ISSN:

1934-7685

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