Slovak Republic: 2018 Article IV Consultation-Press Release; Staff Report and Statement by the Executive Director for the Slovak Republic
July 26, 2018
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The Slovak economy is enjoying consecutive years of favorable performance marked by robust real per capita GDP growth, record-low unemployment and sustained improvement in fiscal balances. However, shortages of skilled labor, and gaps in education and institutional quality pose risks to an already declining productivity growth. A decade-long double-digit mortgage lending growth has more than doubled household indebtedness relative to GDP, posing financial stability risks.
Subject: Credit, Education, Labor, Labor markets, Labor shortages, Money, Wages
Keywords: banking sector, CR, Credit, EU membership, Europe, Global, government, holding, hospital personnel, IMF staff projection, ISCR, Labor markets, Labor shortages, liability positions vis-à-vis nonresident, prudent policy, Slovakia, tax administration authority, value chain, Wages
Pages:
49
Volume:
2018
DOI:
Issue:
241
Series:
Country Report No. 2018/241
Stock No:
1SVKEA2018001
ISBN:
9781484370896
ISSN:
1934-7685
