Slovak Republic: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, March 2, 2005
Source details
- Canonical URL
- Slovak Republic: Staff Report for the 2004 Article IV Consultation
Other formats
Bibliographic details
- Published: March 2, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451835496.002
Executive summary and key findings
- Slovakia’s economic performance improved since the 2003 Article IV Consultation.
- Output expanded strongly; real GDP increased by 4.5 percent in 2003 despite a contraction in domestic demand.
- Fiscal and external balances have narrowed substantially in recent years.
- Economic activity in 2003 was entirely export driven.
Main drivers and reforms supporting convergence
- Large foreign direct investments contributed to the improvement in economic performance.
- Important reforms improving the business climate included changes to:
- taxation
- welfare
- pensions
- healthcare
- the labor market
- These reforms are supporting convergence to western European income levels.
Fiscal and external outlook
- Fiscal balances: narrowed substantially (no further numeric balances provided in the source content).
- External balances: narrowed substantially (no further numeric balances provided in the source content).
- The report highlights the role of external demand and FDI in recent macroeconomic outcomes.
Subjects and analytical focus
- Subject areas covered: Expenditure, External debt, Fiscal policy, Inflation, Prices, Public debt.
- Keywords cited in the source: authorities' strategy, authority, Central and Eastern Europe, core inflation, CR, current account, deficit, government's term, Inflation, ISCR, medium-term projection, NBS policy rate, State treasury system, Western Europe.
Publication note
- Document date shown on the landing page: March 2, 2005.
- Report series: IMF Staff Country Reports.
International Monetary Fund. Slovak Republic: Staff Report for the 2004 Article IV Consultation.