Slovak Republic: 2025 Article IV Consultation-Press Release; and Staff Report

Slovak Republic: 2025 Article IV Consultation-Press Release; and Staff Report
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Volume/Issue: Volume 2025 Issue 072
Publication date: March 2025
ISBN: 9798229005760
$20.00
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Inflation , Labor , Economics- Macroeconomics , Public Finance , Productivity , Fiscal consolidation , Inflation , Labor markets

Summary

Membership of the European Union (EU), adoption of the euro, and integration in global value chains, have contributed to a convergence towards living standards of more advanced EU countries. However, progress has slowed in recent years, and like many other EU countries, Slovakia is facing structural headwinds related to geoeconomic fragmentation and demographic change. Meanwhile, above-EU growth in recent years has come with a significant widening of the fiscal deficit.