Slovak Republic: Staff Report for the 2005 Article IV Consultation

Publication Date:

March 21, 2006

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2006/119

Subject:

English

Publication Date:

March 21, 2006

ISBN/ISSN:

9781451835533/1934-7685

Stock No:

1SVKEA2006001

Pages:

61

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