Slovak Republic: 2009 Article IV Consultation: Staff Report; and Public Information Notice on the Executive Board Discussion
Electronic Access:
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Summary:
This 2009 Article IV Consultation highlights that following a period of rapid growth, economic activity in the Slovak Republic tumbled in the first half of 2009 as a result of the global crisis. Slovakia’s banks have so far withstood the global crisis relatively well. Executive Directors have encouraged the authorities to formulate and announce a credible medium-term fiscal consolidation strategy, aimed at bringing down the general government deficit to within the Maastricht norm in a timely manner. Directors have also emphasized that external competitiveness will require sustained structural reforms and wage discipline.
Series:
Country Report No. 2009/221
Subject:
Banking External debt Financial institutions Fiscal policy Government finance statistics Inflation Loans National accounts Prices Public debt
English
Publication Date:
July 28, 2009
ISBN/ISSN:
9781451835571/1934-7685
Stock No:
1SVKEA2009001
Pages:
34
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