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Slovakia

Author

Listed:
  • Odette Marinache

Abstract

According to the European Commission analysts, Slovakia continued its economic growth in 2011, but at a slightly lower rate compared to the previous year, mainly due to a reduction in exports and an absolute decrease in the volume of domestic demand. In the context of the Euro Zone recession, and a negative GDP growth rate forecast for 2012, Slovakia’s economic growth will continue its descendent trend this year. OECD experts consider that Slovakia’s economic policies should focus on deep structural reforms that will generate a vigorous growth on the long term, as well as macroeconomic stability. Fiscal consolidation, reduction of unemployment rates and maintaining a powerful productivity growth, constitute the main challenges for 2012.

Suggested Citation

  • Odette Marinache, 2012. "Slovakia," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2012:id:2822000009573003
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