Slovak Republic: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Slovak Republic

January 14, 2016

Preview Citation

Format: Chicago

Slovak Republic: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Slovak Republic, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Summary

This 2015 Article IV Consultation highlights that Slovakia remains among Europe’s stronger economies, with growth continuing to pick up in 2015, driven by strong domestic demand. A push to spend expiring European Union funds has underpinned rising investment while job creation and real wage growth have supported private consumption. Unemployment has fallen significantly since 2013, but is still about 11 percent overall, and is much higher for the long-term unemployed, youth, and women. The outlook is favorable with growth of 3–3.5 percent expected through the medium-term, reflecting sustained domestic demand as well as further contributions from the important export sector as substantial additional foreign auto sector investment is planned.

Subject: Expenditure, Financial institutions, Labor, Labor markets, Loans, Public debt, Unemployment, Wages

Keywords: Carmaker Jaguar Land Rover, CR, Energy company, Energy company Enel, Energy company EPH, Ente nazionale per l'energia elettrica, Europe, Global, ISCR, Labor markets, Loans, Staff appraisal, Student housing cost, Unemployment

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/013
Stock No:

1SVKEA2016001
ISBN:

9781513588780
ISSN:

1934-7685

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