Slovak Republic: Staff Report for the 2002 Article IV Consultation
IMF Staff Country Reports, September 26, 2002
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- Slovak Republic: Staff Report for the 2002 Article IV Consultation
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Bibliographic details
- Published: September 26, 2002
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451835465.002
Overview of recent performance
- After two years of subdued domestic activity, strong private domestic demand and expansionary fiscal policy buoyed economic growth, which recovered to over 3 percent in 2001.
- The general government deficit widened by a half percentage point of GDP to 4 percent of GDP in 2001.
Investment and corporate sector
- Increased profitability, enterprise restructuring, and reduced corporate income tax boosted fixed investment.
Private consumption and labor market
- Rising real wages and employment, personal income tax reduction, and the redemption of National Property Fund bonds underpinned vigorous growth in private consumption.
Fiscal and external themes covered
- Subject tags in the report include: Balance of payments, Current account deficits, Expenditure, External debt, Fiscal policy, Public debt.
- Keywords noted: authorities' effort, CR, Current account deficits, deficit, deficit target, economic growth, Europe, GDP, Global, government, headline inflation, incoming government, ISCR, outgoing authorities, Pre-Accession Economic Program, Western Europe.