{
  "title": "Slovak Republic: 2017 Article IV Consultation-Press Release; Staff Report; and Informational Annex for Slovak Republic",
  "publication": "IMF Staff Country Reports, March 23, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/03/23/slovak-republic-2017-article-iv-consultation-press-release-staff-report-and-informational-44750",
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  "summary": "This 2017 Article IV Consultation highlights projected moderate 2016 real GDP growth in the Slovak Republic, but still at a robust 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.",
  "publishDate": "2017-03-23",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Projected moderate 2016 real GDP growth in the Slovak Republic, at 3.3 percent.\n- Growth continues to benefit from an improving labor market, low inflation, and strong household credit growth.\n- The output gap is now closed.\n- Fiscal consolidation resumed in 2016, and the fiscal deficit is estimated to have narrowed to 2 percent of GDP."
    },
    {
      "heading": "Outlook and projections",
      "content": "- The outlook is favorable, with growth expected to peak at 3.9 percent in 2019 and settle at about 3.5 percent thereafter.\n- The projected medium-term growth reflects greater export capacity as a result of investment in the automotive industry."
    },
    {
      "heading": "Macroeconomic context",
      "content": "- Strengthening labor market conditions, subdued inflation, and robust household credit are cited as key near-term supports to growth.\n- Investment in the automotive industry is identified as an important driver of increased export capacity and higher potential growth.\n\nInternational Monetary Fund. Slovak Republic: 2017 Article IV Consultation-Press Release; Staff Report; and Informational Annex for Slovak Republic — March 23, 2017.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/03/23/slovak-republic-2017-article-iv-consultation-press-release-staff-report-and-informational-44750"
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    "Published: March 23, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475587883.002",
    "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.",
    "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.",
    "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.",
    "**Country Report**"
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