{
  "title": "Slovak Republic: Staff Report for the 2002 Article IV Consultation",
  "publication": "IMF Staff Country Reports, September 26, 2002",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/slovak-republic-staff-report-for-the-2002-article-iv-consultation-16084",
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  "summary": "This 2002 Article IV Consultation highlights that after two years of subdued domestic activity, strong private domestic demand and expansionary fiscal policy in the Slovak Republic buoyed economic growth, which recovered to over 3 percent in 2001.",
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    {
      "heading": "Overview of recent performance",
      "content": "- 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.\n- The general government deficit widened by a half percentage point of GDP to 4 percent of GDP in 2001."
    },
    {
      "heading": "Investment and corporate sector",
      "content": "- Increased profitability, enterprise restructuring, and reduced corporate income tax boosted fixed investment."
    },
    {
      "heading": "Private consumption and labor market",
      "content": "- Rising real wages and employment, personal income tax reduction, and the redemption of National Property Fund bonds underpinned vigorous growth in private consumption."
    },
    {
      "heading": "Fiscal and external themes covered",
      "content": "- Subject tags in the report include: Balance of payments, Current account deficits, Expenditure, External debt, Fiscal policy, Public debt.\n- 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.\n\n---\n\n Content in this bundle\n\n- cr02209\n  - cr02209 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr02209 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 26, 2002",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451835465.002",
    "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.",
    "Increased profitability, enterprise restructuring, and reduced corporate income tax boosted fixed investment.",
    "Rising real wages and employment, personal income tax reduction, and the redemption of National Property Fund bonds underpinned vigorous growth in private consumption.",
    "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.",
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