Slovakia at the cross roads

OECD Observer

The OECD's February 1999 report on the Slovak economy - OECD Economic Survey, Slovak Republic

After a period of strong growth, the Slovak economy has reached a turning point. Macroeconomic imbalances have become unsustainable and a more stable development strategy is now required. Designing and implementing that strategy has been the main task facing the new government.

A co-ordinated approach to reform and macroeconomic stabilisation: that is the central recommendation of the latest OECD Economic Survey of the Slovak Republic. The new government which emerged from the parliamentary elections of September 1998 appears to agree and has signalled its determination to act on that front. Notably, a key element of its adjustment package approved in January 1999 is a substantial fiscal tightening. The target for 1999 is a general government deficit of the order of 2% of GDP, down from above 5% in 1998. The government hopes to achieve this objective by reducing public infrastructure investment, putting a freeze on government wages and raising excise taxes. (...)

©OECD Observer No 216, March 1999 

Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

OECD Observer Newsletter

Stay up-to-date with the latest news from the OECD by signing up for our e-newsletter :

Twitter feed

Digital Editions

Don't miss

Most Popular Articles

NOTE: All signed articles in the OECD Observer express the opinions of the authors
and do not necessarily represent the official views of OECD member countries.

All rights reserved. OECD 2020