Slovak Republic: 2015 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Slovak Republic
IMF Staff Country Reports, January 14, 2016
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- Slovak Republic: 2015 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for Slovak Republic
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Bibliographic details
- Published: January 14, 2016
- Series: IMF Staff Country Reports
Economic performance and drivers
- Slovakia remains among Europe’s stronger economies.
- Growth continued to pick up in 2015, driven by strong domestic demand.
- A push to spend expiring European Union funds has underpinned rising investment.
- Job creation and real wage growth have supported private consumption.
- Substantial additional foreign auto sector investment is planned, supporting further contributions from the export sector.
Labor market and social outcomes
- Unemployment has fallen significantly since 2013, but is still about 11 percent overall.
- Unemployment is much higher for the long-term unemployed, youth, and women.
Outlook and projections
- The outlook is favorable with growth of 3–3.5 percent expected through the medium-term, reflecting sustained domestic demand and further contributions from the export sector.
Content in this bundle
- 1. External Assessment