{
  "title": "Slovak Republic: Staff Report for the 2004 Article IV Consultation",
  "publication": "IMF Staff Country Reports, March 2, 2005",
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  "summary": "This 2004 Article IV Consultation highlights that Slovakia’s economic performance has improved since the 2003 Article IV Consultation. Output has expanded strongly, and fiscal and external balances have narrowed substantially in recent years.",
  "sections": [
    {
      "heading": "Executive summary and key findings",
      "content": "- Slovakia’s economic performance improved since the 2003 Article IV Consultation.\n- Output expanded strongly; real GDP increased by 4.5 percent in 2003 despite a contraction in domestic demand.\n- Fiscal and external balances have narrowed substantially in recent years.\n- Economic activity in 2003 was entirely export driven."
    },
    {
      "heading": "Main drivers and reforms supporting convergence",
      "content": "- Large foreign direct investments contributed to the improvement in economic performance.\n- Important reforms improving the business climate included changes to:\n  - taxation\n  - welfare\n  - pensions\n  - healthcare\n  - the labor market\n- These reforms are supporting convergence to western European income levels."
    },
    {
      "heading": "Fiscal and external outlook",
      "content": "- Fiscal balances: narrowed substantially (no further numeric balances provided in the source content).\n- External balances: narrowed substantially (no further numeric balances provided in the source content).\n- The report highlights the role of external demand and FDI in recent macroeconomic outcomes."
    },
    {
      "heading": "Subjects and analytical focus",
      "content": "- Subject areas covered: Expenditure, External debt, Fiscal policy, Inflation, Prices, Public debt.\n- Keywords cited in the source: authorities' strategy, authority, Central and Eastern Europe, core inflation, CR, current account, deficit, government's term, Inflation, ISCR, medium-term projection, NBS policy rate, State treasury system, Western Europe."
    },
    {
      "heading": "Publication note",
      "content": "- Document date shown on the landing page: March 2, 2005.\n- Report series: IMF Staff Country Reports.\n\nInternational Monetary Fund. Slovak Republic: Staff Report for the 2004 Article IV Consultation.\n\n---\n\n Content in this bundle\n\n- cr0571\n  - cr0571 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0571 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 2, 2005",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451835496.002",
    "Slovakia’s economic performance improved since the 2003 Article IV Consultation.",
    "Output expanded strongly; real GDP increased by 4.5 percent in 2003 despite a contraction in domestic demand.",
    "Fiscal and external balances have narrowed substantially in recent years.",
    "Economic activity in 2003 was entirely export driven.",
    "Large foreign direct investments contributed to the improvement in economic performance.",
    "Important reforms improving the business climate included changes to:",
    "These reforms are supporting convergence to western European income levels.",
    "Fiscal balances: narrowed substantially (no further numeric balances provided in the source content).",
    "External balances: narrowed substantially (no further numeric balances provided in the source content).",
    "The report highlights the role of external demand and FDI in recent macroeconomic outcomes.",
    "Subject areas covered: Expenditure, External debt, Fiscal policy, Inflation, Prices, Public debt.",
    "Keywords cited in the source: authorities' strategy, authority, Central and Eastern Europe, core inflation, CR, current account, deficit, government's term, Inflation, ISCR, medium-term projection, NBS policy rate, State treasury system, Western Europe.",
    "Document date shown on the landing page: March 2, 2005.",
    "Report series: IMF Staff Country Reports.",
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