IMF Staff Country Reports

Slovak Republic: Recent Economic Developments

Publication Date:

June 3, 1997

Summary:

This paper reviews economic developments in Slovakia during 1995–96. Slovakia registered an impressive macroeconomic performance in 1995, among the best within the transition economies. Growth accelerated to 7.5 percent in 1995 from an already high rate of 5 percent in 1994, and inflation fell to 7 percent from about 12 percent in 1994. In addition, the current account of the balance of payments registered a surplus of about 2 percent of GDP. In 1996, output continued to grow at about 7 percent while inflation declined to 5.4 percent.

Series:

Country Report No. 1997/043

Subject:

Exchange rate arrangements Foreign exchange Imports Inflation International trade Prices Producer prices Trade balance