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Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
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3-March-2009
English, , 108kb
This note, taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2009, contains information about the progress in implementing reforms in line with the 2008 priorities for the Slovak Republic.
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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 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.
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.
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.
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.
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.
23-January-2009
English, , 342kb
Downloadable case study by Slovak Republic for the OECD publication "The Impact of Culture on Tourism".
16-June-2008
English, , 274kb
Agri-environmental indicators for the Slovak Republic and data on the environmental performance of Slovak agriculture. Extract from the publication Environmental Performance of Agriculture in OECD Countries since 1990 (2008).
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