Cover IMF Staff Country Reports
Slovak Republic: 2017 Article IV Consultation-Press Release; Staff Report; and Informational Annex for Slovak Republic
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 071
Language:
English
Publication Date:
23 Mar 2017
DOI:
https://doi.org/10.5089/9781475587883.002
ISBN:
9781475587883
ISSN:
1934-7685
Pages:
59
Keywords:
ISCR; CR; Slovakia; holding; market; liability positions vis-à-vis nonresident; money market rate; EU funds; executive board assessment; European Union average; Labor markets; Loans; Credit; Europe
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This 2017 Article IV Consultation highlights projected moderate 2016 real GDP growth in the Slovak Republic, but still at a robust 3.3 percent. Growth continues to benefit from an improving labor market, low inflation, and strong household credit growth. The output gap is now closed. Fiscal consolidation resumed in 2016, and the fiscal deficit is estimated to have narrowed to 2 percent of GDP. The outlook is favorable, with growth expected to peak at 3.9 percent in 2019 and settle at about 3.5 percent thereafter, reflecting greater export capacity as a result of investment in the automotive industry.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2017: Issue 071