Slovak Republic: 2018 Article IV Consultation-Press Release; Staff Report and Statement by the Executive Director for the Slovak Republic

International Monetary Fund

No 2018/241, IMF Staff Country Reports from International Monetary Fund

Abstract: The Slovak economy is enjoying consecutive years of favorable performance marked by robust real per capita GDP growth, record-low unemployment and sustained improvement in fiscal balances. However, shortages of skilled labor, and gaps in education and institutional quality pose risks to an already declining productivity growth. A decade-long double-digit mortgage lending growth has more than doubled household indebtedness relative to GDP, posing financial stability risks.

Keywords: ISCR; CR; Slovakia; government; IMF staff projection; holding; banking sector; liability positions vis-à-vis nonresident; tax administration authority; value chain; prudent policy; EU membership; hospital personnel; Labor shortages; Labor markets; Wages; Credit; Global; Europe (search for similar items in EconPapers)
Pages: 49
Date: 2018-07-26
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