Slovak Republic: 2017 Article IV Consultation-Press Release; Staff Report; and Informational Annex for Slovak Republic
IMF Staff Country Reports, March 23, 2017
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- Slovak Republic: 2017 Article IV Consultation-Press Release; Staff Report; and Informational Annex for Slovak Republic
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Bibliographic details
- Published: March 23, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475587883.002
Key findings
- Projected moderate 2016 real GDP growth in the Slovak Republic, at 3.3 percent.
- Growth continues to benefit from an improving labor market, low inflation, and strong household credit growth.
- The output gap is now closed.
- Fiscal consolidation resumed in 2016, and the fiscal deficit is estimated to have narrowed to 2 percent of GDP.
Outlook and projections
- The outlook is favorable, with growth expected to peak at 3.9 percent in 2019 and settle at about 3.5 percent thereafter.
- The projected medium-term growth reflects greater export capacity as a result of investment in the automotive industry.
Macroeconomic context
- Strengthening labor market conditions, subdued inflation, and robust household credit are cited as key near-term supports to growth.
- Investment in the automotive industry is identified as an important driver of increased export capacity and higher potential growth.
International Monetary Fund. Slovak Republic: 2017 Article IV Consultation-Press Release; Staff Report; and Informational Annex for Slovak Republic — March 23, 2017.
Content in this bundle
- Country Report