Slovak Republic: Staff Report for the 2004 Article IV Consultation

International Monetary Fund

No 2005/071, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2004 Article IV Consultation highlights that Slovakia’s economic performance has improved since the 2003 Article IV Consultation. Output has expanded strongly, and fiscal and external balances have narrowed substantially in recent years. These developments were assisted by large foreign direct investments and an improved business climate following important reforms—including to taxation, welfare, pensions, healthcare, and the labor market—that are supporting convergence to western European income levels. Economic activity was entirely export driven in 2003; real GDP increased by 4.5 percent despite a contraction in domestic demand.

Keywords: ISCR; CR; authority; deficit; State treasury system; core inflation; authorities' strategy; medium-term projection; NBS policy rate; government's term; current account; Inflation; Western Europe; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 57
Date: 2005-03-02
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