Slovak Republic: 2021 Article IV Consultation-Press Release; Staff Report
IMF Staff Country Reports, June 21, 2021
Source details
- Canonical URL
- Slovak Republic: 2021 Article IV Consultation-Press Release; Staff Report
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Bibliographic details
- Published: June 21, 2021
- Series: IMF Staff Country Reports
- Volume: 2021
- Pages: 71
- DOI: https://doi.org/10.5089/9781513587295.002
Overview
- The Slovak Republic entered the COVID-19 pandemic "from a position of strength with fiscal space and comfortable banking sector buffers."
- Effective policy support focused on preserving jobs, providing liquidity support, and ensuring credit supply, which "have limited the economic fallout."
- Output is expected to reach pre-crisis level before the end of 2021, but uncertainty is high.
Key findings
- Policy support measures helped limit economic fallout by preserving employment and maintaining credit flows.
- Banking sector buffers were described as comfortable at the onset of the pandemic.
- Fiscal space existed to support the economy during the crisis.
Economic outlook
- Output is expected to reach pre-crisis level before the end of 2021.
- Uncertainty surrounding the outlook is characterized as high.
Policy response and focus areas
- Policies implemented aimed at:
- Preserving jobs.
- Providing liquidity support.
- Ensuring credit supply.
Content in this bundle
- 1svkea2021001