Slovak Republic: Staff Report for the 2005 Article IV Consultation
March 21, 2006
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The Slovak Republic’s 2005 Article IV Consultation reports that sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 percent in 2005, driven by an improvement in the contribution of net foreign demand while domestic demand growth maintained momentum. The external current account deficit doubled to about 7¼ percent of GDP, owing to a deterioration in the terms of trade and higher reinvested earnings on foreign investment.
Subject: Budget planning and preparation, External debt, Inflation, Labor, Labor costs, Prices, Public debt, Public financial management (PFM)
Keywords: Budget planning and preparation, CR, enterprise, fiscal policy, headline consumer price inflation, Inflation, ISCR, koruna appreciation, Labor costs, labor market, Maastricht deficit criterion, market share, output gap, price, short-term debt, unemployment rate
Pages:
61
Volume:
2006
DOI:
Issue:
119
Series:
Country Report No. 2006/119
Stock No:
1SVKEA2006001
ISBN:
9781451835533
ISSN:
1934-7685
