Slovak Republic

Economic Survey of the Slovak Republic 2017



Overview (Executive Summary, Assessment & Recommendations)

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Remarks by Angel Gurría, Secretary-General, OECD

Slovakia’s economy continues to perform extremely well both in terms of macroeconomic outcomes and public finances (Figure 1). GDP growth exceeded 3½ per cent on average in 2015 and 2016 and is projected to stay strong in the next two years. Prices have been stable, the unemployment rate has fallen below 10% – its lowest level in seven years – and the current account is near balance. The fiscal situation is solid, with a deficit of well below 2% of GDP in 2016 and a public debt around 52% of GDP, far below the OECD average. International competitiveness, fiscal and financial stability and ample foreign direct investment (FDI) are all contributing to a sustained rise in living standards.


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OECD Economic Surveys: Slovak Republic 2017


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The Secretariat’s draft report was prepared for the Committee by Claude Giorno and Gabriel Machlica under the supervision of Peter Jarrett. The Survey also benefitted from consultancy work by Martin Haluš, Kristína Londáková, Michaela Černěnko, Dávid Martinák and Ján Toman. Statistical assistancewas provided by Paula Adamczyk, Béatrice Guerard and Eun Jung Kim and editorial assistance by Amelia Godber.

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