Slovak Republic: Staff Report for the 2014 Article IV Consultation
IMF Staff Country Reports, September 2, 2014
Source details
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- Slovak Republic: Staff Report for the 2014 Article IV Consultation
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Bibliographic details
- Published: September 2, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498301459.002
Economic outlook and drivers
- After slowing in 2013, the Slovak economy is gathering momentum as the euro area and domestic demand recover.
- Domestic demand complements a strong export sector that has made Slovakia one of Europe’s more dynamic economies.
- Slovakia’s fortunes remain closely tied to external developments, especially in the euro area.
Key challenges and vulnerabilities
- Reducing still very high unemployment remains a key challenge.
- Sustaining fiscal adjustment is a central policy task.
- There are risks from regional tensions, given that Russia provides much of Slovakia’s energy and is a reasonably important export market, including for Slovakia’s trading partners.
Fiscal, debt, and financial sector position
- Public and private debt are described as manageable.
- The banking system is characterized as sound, which limits near-term vulnerabilities.
Subjects and keywords (as stated in the report)
- Subjects: Expenditure, Financial institutions, Income, Labor, Loans, National accounts, Public debt, Unemployment
- Keywords: core HICP inflation, CR, Europe, Global, headline HICP inflation, HICP, Income, ISCR, liability positions vis-à-vis nonresident, Loans, staff appraisal, staff projection, Unemployment