Slovak Republic: Recent Economic Developments

International Monetary Fund

No 1997/043, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper reviews economic developments in Slovakia during 1995–96. Slovakia registered an impressive macroeconomic performance in 1995, among the best within the transition economies. Growth accelerated to 7.5 percent in 1995 from an already high rate of 5 percent in 1994, and inflation fell to 7 percent from about 12 percent in 1994. In addition, the current account of the balance of payments registered a surplus of about 2 percent of GDP. In 1996, output continued to grow at about 7 percent while inflation declined to 5.4 percent.

Keywords: ISCR; CR; exchange rate; potential GDP; consumer price; trade balance; discount rate; book value; monetary policy; Inflation; Producer prices; Imports; Trade balance; Exchange rate arrangements; Western Europe (search for similar items in EconPapers)
Pages: 119
Date: 1997-06-03
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