Slovak Republic: Staff Report for the 2005 Article IV Consultation

March 21, 2006

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Slovak Republic: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 23, 2024

Summary

The Slovak Republic’s 2005 Article IV Consultation reports that sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 percent in 2005, driven by an improvement in the contribution of net foreign demand while domestic demand growth maintained momentum. The external current account deficit doubled to about 7¼ percent of GDP, owing to a deterioration in the terms of trade and higher reinvested earnings on foreign investment.

Subject: Budget planning and preparation, External debt, Inflation, Labor, Labor costs, Prices, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, CR, Enterprise, Fiscal policy, Headline consumer price inflation, Inflation, ISCR, Koruna appreciation, Labor costs, Labor market, Maastricht deficit criterion, Market share, Output gap, Price, Short-term debt, Unemployment rate

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/119
Stock No:

1SVKEA2006001
ISBN:

9781451835533
ISSN:

1934-7685

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