Slovak Republic: 2009 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion

July 28, 2009

Preview Citation

Format: Chicago

Slovak Republic: 2009 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion, (USA: International Monetary Fund, 2009) accessed November 12, 2024

Summary

This 2009 Article IV Consultation highlights that following a period of rapid growth, economic activity in the Slovak Republic tumbled in the first half of 2009 as a result of the global crisis. Slovakia’s banks have so far withstood the global crisis relatively well. Executive Directors have encouraged the authorities to formulate and announce a credible medium-term fiscal consolidation strategy, aimed at bringing down the general government deficit to within the Maastricht norm in a timely manner. Directors have also emphasized that external competitiveness will require sustained structural reforms and wage discipline.

Subject: Banking, External debt, Financial institutions, Fiscal policy, Government finance statistics, Inflation, Loans, National accounts, Prices, Public debt

Keywords: Appendix I. Slovak Republic, CR, Deficit, Economy, Global, IMF staff calculation, Inflation, ISCR, Loans, Slovak economy, Slovakia, Unit value trade price price index, Vis nonresident

Publication Details

Pages:

34
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/221
Stock No:

1SVKEA2009001
ISBN:

9781451835571
ISSN:

1934-7685

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