Economic surveys and country surveillance

Economic Survey - Slovak Republic 2004

 

The OECD assessment and recommendations on the main economic challenges faced by the Slovak Republic are available by clicking on each chapter heading below.

Summary: an ambitious reform programme under way
Slovakia is engaged in an ambitious reform process which has a potential to quicken productivity growth and increase the employment rate.

What key challenges does Slovakia face?
The Slovak economy is on a high growth path, but policy challenges remain concerning macroeconomic management, employment, and public administration.

How can fiscal and monetary policies support growth?
Continuing efforts of fiscal consolidation will improve the macroeconomic policy mix and help maintain supportive monetary conditions in the face of currency appreciation pressures from EU accession.

See also ECO Working Paper 392 Enhancing income convergence in Central Europe after EU accession

What can be done to reduce unemployment?
Labour supply is being enhanced by a profound welfare reform and demand for labour is stimulated by the planned reductions in employment costs in the low end of the market.

Is the new institutional framework enforced effectively?
Policymakers should fully enforce the new framework for creating and doing business and support it with the full force of law.

How can public services be improved?
The reform of the public spending system, which is already well engaged, should help promote a smaller and more effective government.

See also ECO Working Paper 384: Rationalising public expenditure in the Slovak Republic

Is Slovakia doing enough to augment it’s human and physical capital?
Human capital enrichment for new entrants through education reform is critical, while intensified re-training for the long-term unemployed is also indispensable, including for the Roma population.

Are social security systems viable?
While social security reform intentions are commendable, much will depend on the detail of the reform design.

A printer-friendly Policy Brief   (pdf format) may also be downloaded.  The Policy Brief contains the OECD assessment and recommendations, but does not include all of the charts available from the above pages.

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The full edition of the OECD Economic Survey for the Slovak Republic is available from:

 

 

 

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