{
  "title": "Slovak Republic: Staff Report for the 2005 Article IV Consultation",
  "publication": "IMF Staff Country Reports, March 21, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/slovak-republic-staff-report-for-the-2005-article-iv-consultation-19085",
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  "summary": "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.",
  "sections": [
    {
      "heading": "Overview",
      "content": "- Sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms.\n- 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.\n- 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."
    },
    {
      "heading": "Growth, demand, and external sector",
      "content": "- Real GDP growth: 6 percent in 2005.\n- Growth drivers:\n  - Improvement in the contribution of net foreign demand.\n  - Continued momentum in domestic demand growth.\n- External current account:\n  - Deficit doubled to about 7¼ percent of GDP.\n  - Causes cited: deterioration in the terms of trade and higher reinvested earnings on foreign investment."
    },
    {
      "heading": "Policy context and structural reforms",
      "content": "- The report emphasizes:\n  - Sound macroeconomic management.\n  - A wide range of fundamental structural reforms.\n- Objective stated: supporting nominal convergence with European Union norms."
    },
    {
      "heading": "Subjects and keywords (as provided)",
      "content": "- Subjects: Budget planning and preparation, External debt, Inflation, Labor, Labor costs, Prices, Public debt, Public financial management (PFM).\n- 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.\n\nSource: Slovak Republic: Staff Report for the 2005 Article IV Consultation (IMF Staff Country Report, March 21, 2006).\n\n---\n\n Content in this bundle\n\n- cr06119\n  - cr06119 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr06119 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 21, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451835533.002",
    "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.",
    "Real GDP growth: 6 percent in 2005.",
    "Growth drivers:",
    "External current account:",
    "The report emphasizes:",
    "Objective stated: supporting nominal convergence with European Union norms.",
    "Subjects: 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.",
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