Slovak Republic: Staff Report for the 2005 Article IV Consultation
International Monetary Fund
No 2006/119, IMF Staff Country Reports from International Monetary Fund
Abstract:
The Slovak Republic’s 2005 Article IV Consultation reports that sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 percent in 2005, driven by an improvement in the contribution of net foreign demand while domestic demand growth maintained momentum. The external current account deficit doubled to about 7¼ percent of GDP, owing to a deterioration in the terms of trade and higher reinvested earnings on foreign investment.
Keywords: ISCR; CR; short-term debt; price; enterprise; headline consumer price inflation; Maastricht deficit criterion; koruna appreciation; unemployment rate; output gap; labor market; fiscal policy; market share; Inflation; Labor costs; Budget planning and preparation (search for similar items in EconPapers)
Pages: 61
Date: 2006-03-21
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