Slovak Republic: Staff Report for the 2002 Article IV Consultation

September 26, 2002

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Slovak Republic: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 27, 2024

Summary

This 2002 Article IV Consultation highlights that after two years of subdued domestic activity, strong private domestic demand and expansionary fiscal policy in the Slovak Republic buoyed economic growth, which recovered to over 3 percent in 2001. Increased profitability, enterprise restructuring, and reduced corporate income tax boosted fixed investment. Rising real wages and employment, personal income tax reduction, and the redemption of National Property Fund bonds underpinned vigorous growth in private consumption. The general government deficit widened by a half percentage point of GDP to 4 percent of GDP in 2001.

Subject: Balance of payments, Current account deficits, Expenditure, External debt, Fiscal policy, Public debt

Keywords: Authorities' effort, CR, Current account deficits, Deficit, Deficit target, Economic growth, Europe, GDP, Global, Government, Headline inflation, Incoming government, ISCR, Outgoing authorities, Pre-Accession Economic Program, Western Europe

Publication Details

Pages:

48
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/209
Stock No:

1SVKEA0032002
ISBN:

9781451835465
ISSN:

1934-7685

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