Slovak Republic: 2010 Article IV Consultation-Staff Report; and Public Information Notice on the Executive Board Discussion

International Monetary Fund

No 2010/290, IMF Staff Country Reports from International Monetary Fund

Abstract: The economy is emerging from a deep recession. The downturn has, however, exacerbated the unemployment problem. The authorities and IMF staff agreed that the recession represents a permanent loss of potential output and lower potential growth. Relatively sound fiscal policies in the pre-crisis period helped contain the deficit and bring down the public debt. The financial sector is weathering the global financial crisis generally well. Unemployment and its regional dispersion are a major concern. The share of workers with higher education is low.

Keywords: ISCR; CR; IMF staff calculation; government; unit value trade price price index; deficit; external shock; market share; liability positions vis; appendix I. Slovak Republic; vis nonresident; deficit target; Euro adoption; Unemployment; Unemployment rate; Social security contributions; Global (search for similar items in EconPapers)
Pages: 33
Date: 2010-09-14
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