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The OECD’s latest Economic Survey of the Slovak Republic, to be published on Wednesday 5 November 2014, assesses the country’s prospects for inclusive economic growth and sustainable public finances. The Survey discusses the short term economic outlook and identifies structural reforms that can improve public sector efficiency and spur growth in economically disadvantaged regions.
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The Slovak Republic is one of the most dynamic economies in the euro area. The country has continued to converge rapidly towards the living standards of advanced OECD economies. However, the Slovak Republic should continue on its path of reform to achieve balanced, fair and sustainable growth, according to a new OECD report.
The priority for the Slovak Republic is to restore the sustainability of public finances while ensuring the prioritisation of funding for spending programmes which are important for growth, such as education and active labour market policies.
The Slovak Republic recovered strongly from the global economic crisis and is weathering well the storm that has struck its main European trading partners. The challenges going forward will be restoring public finances while driving down unemployment and fostering long-term inclusive growth, says the latest Economic Survey.
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.