IMF Staff Country Reports

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

Publication Date:

September 14, 2010

Summary:

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.

Series:

Country Report No. 2010/290

Subject:

Expenditure Labor Public debt Social security contributions Taxes Unemployment Unemployment rate