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9-February-2009
Slovak, , 279kb
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
9-February-2009
English
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.
9-February-2009
English
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.
9-February-2009
English, , 348kb
Adoption of the euro on 1 January 2009 marks a significant achievement for the Slovak Republic. This hard won result will bring many benefits but will also pose challenges. Decisive policy action will be needed in a number of areas to maintain high growth in the coming years.
9-February-2009
English
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.
9-February-2009
English
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.
9-February-2009
English
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.
9-February-2009
English
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.
9-February-2009
English
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.
9-February-2009
English
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.
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