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OECD work suggests that Slovenia’s model for economic growth has suffered from both corporate governance weaknesses and heavy reliance on state involvement in the economy. Despite some recent privatisation efforts, Slovenia’s degree of state ownership in the economy remains one of the highest in the OECD,
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Better investment in skills would help Slovenia to realise the potential of advanced technology and give a new impetus to the recently stalled growth in productivity.
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This note presents selected findings based on the set of well-being indicators used for the Better Life initiative and shows what users of the Better Life Index are telling us about their well-being priorities.
Mr. Gurría presented the 2015 OECD Economic Survey of Slovenia and met with the Slovenian President, Prime Minister and several government officials.
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To improve Slovenia’s long-term growth prospects and support job creation, comprehensive structural reforms are needed to boost competitiveness, in particular by addressing the country’s productivity gap with other OECD countries. This paper provides a snapshot at the pension, product markets, and labour market reforms that have been implemented or approved and assesses their impact on productivity, employment and GDP.
Slovenia has made an impressive turnaround in a short time. And this has laid the foundations for better times to come. But a positive outlook should not lead to complacency: future growth will only come if reforms are completed, and implemented fully.
Continued structural reform is key to stronger growth. Bank balance sheets need further improvements and corporates have too much debt. Fiscal consolidation should focus more on structural measures, especially given the ageing pressures.
Economic reforms have helped Slovenia recover from the crisis, but further action is needed to strengthen the banking and corporate sectors, stabilise debt and create jobs, according to the latest OECD Economic Survey of Slovenia.
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Slovenia has the 10th highest tax wedge among the 34 OECD member countries. The average single worker in Slovenia faced a tax wedge of 42.5% in 2014 compared with the OECD average of 36.0%.
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This country note from Going for Growth 2015 for Slovenia identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.