Slovak Republic : 2019 Article IV Consultation-Press Release; Staff Report

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 12, 2019

Electronic Access:

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Summary:

Leveraging its location and low-cost skilled labor, Slovakia has attained a very high level of integration with the global value chains, which has proved pivotal to exports growth and income convergence with the European Union. After half a decade of robust growth, the Slovak economy is decelerating. With rising trade tensions and a turning economic cycle, several vulnerabilities are coming to the fore. High dependence on exports combined with a concentrated export structure makes Slovakia particularly vulnerable to external developments. On the domestic front, a prolonged period of double-digit mortgage credit growth and declining bank profit margins have made households and the financial sector susceptible to labor and property market downturns.

Series:

Country Report No. 19/220

Subject:

English

Publication Date:

July 12, 2019

ISBN/ISSN:

9781498325127/1934-7685

Stock No:

1SVKEA2019001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

60

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