Economic Survey of the Slovak Republic 2009: Adjusting housing policies in light of euro adoption

House prices have risen strongly in past years, helped by rising incomes and declining interest rates. At the same time, construction of new dwellings has remained fairly muted and has only recently shown signs of picking up.

The financial and economic crisis and the OECD strategic response

At a meeting with Slovak Economists, Mr. Gurría underlined that the OECD has developed a strategic response to deal with the current situation, while at the same time addressing the interaction between different policy actions in our economies.

Economic Survey of the Slovak Republic 2009: Key Challenges

The Slovak economy has enjoyed a stellar performance in recent years, growing significantly faster than other OECD economies. However, the economy is now facing a major slowdown reflecting the headwinds from the global economy.

Policy Brief: Ekonomický prehľad Slovenskej republiky, 2009

Prijatie eura k 1. januáru 2009 je pre Slovenskú republiku významným úspechom. Tento ťažko získaný výsledok prinesie veľa prínosov, ale aj výziev. V mnohých oblastiach bude v záujme udržania vysokého tempa rastu potrebné aj v nasledujúcich rokoch prijať rozhodujúce strategické opa

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Economic Survey of the Slovak Republic 2009: Achieving fiscal flexibility and safeguarding sustainability

Euro area entry calls for more fiscal flexibility to absorb cyclical shocks that cannot be dealt with by the common monetary policy. At the same time fiscal consolidation must not be put at risk, especially given rising ageing related costs.

Economic Survey of the Slovak Republic 2009: Raising flexibility during the catch-up phase

As in other catch-up countries inflation is likely to stay high going forward due to nominal convergence. To better cope with the risk of a too rapid pick up of wages, three main areas for improvement are discussed in this chapter.

Economic Survey of the Slovak Republic 2009

The adoption of the euro at the start of 2009 marks a major achievement for the Slovak Republic. The main policy challenge is to sustain high trend growth while adjusting to life in the euro area. This requires structural reforms.

Economic Survey of the Slovak Republic 2009: Executive Summary

As in other catch-up countries inflation is likely to stay high going forward due to nominal convergence. To better cope with the risk of a too rapid pick up of wages, three main areas for improvement are discussed in this chapter.

Launch of the OECD Economic Survey of the Slovak Republic

M. Gurría stated that the main policy challenge for the Slovak Republic is to sustain high trend growth while adjusting to life in the euro area. This requires structural reforms in the areas of labour and product markets, fiscal policy and in the housing sector.

Related Documents

• Economic Survey of the Slovak Republic 2009

OECD Economic Survey of the Slovak Republic

OECD’s latest economic survey of the Slovak Republic, to be published on Monday 9 February 2009, looks at such challenges as the adoption of the euro and the impact of the global slowdown. It discusses how increasing flexibility would strengthen sustainable economic growth.