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Slovak Republic: Staff Report for the 2002 Article IV Consultation

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  • International Monetary Fund

Abstract

This 2002 Article IV Consultation highlights that after two years of subdued domestic activity, strong private domestic demand and expansionary fiscal policy in the Slovak Republic buoyed economic growth, which recovered to over 3 percent in 2001. Increased profitability, enterprise restructuring, and reduced corporate income tax boosted fixed investment. Rising real wages and employment, personal income tax reduction, and the redemption of National Property Fund bonds underpinned vigorous growth in private consumption. The general government deficit widened by a half percentage point of GDP to 4 percent of GDP in 2001.

Suggested Citation

  • International Monetary Fund, 2002. "Slovak Republic: Staff Report for the 2002 Article IV Consultation," IMF Staff Country Reports 2002/209, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2002/209
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=16084
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    Cited by:

    1. Terry McKinley, 2006. "Gearing Public Finance to Growth, Employment and Poverty Reduction in Moldova," Research Report 3, International Policy Centre for Inclusive Growth.
    2. Hend Al-Sheikh & S. Nuri Erbas, 2012. "The Oil Curse and Labor Markets: The Case of Saudi Arabia," Working Papers 697, Economic Research Forum, revised 2012.
    3. Lars E.O. Svensson, 2003. "Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others," Journal of Economic Perspectives, American Economic Association, vol. 17(4), pages 145-166, Fall.
    4. Mr. Vivek B. Arora, 2007. "Monetary Policy Transparency and Financial Market Forecasts in South Africa," IMF Working Papers 2007/123, International Monetary Fund.
    5. Mr. Tamon Asonuma & Gerardo Peraza & Kristine Vitola & Mr. Takahiro Tsuda, 2014. "Sovereign Debt Restructurings in Belize: Achievements and Challenges Ahead," IMF Working Papers 2014/132, International Monetary Fund.
    6. Tamon Asonuma & Michael G. Papaioannou & Gerardo Peraza & Kristine Vitola & Takahiro Tsuda, 2017. "Sovereign Debt Restructurings in Belize: Debt Sustainability and Financial Stability Aspects," Journal of Banking and Financial Economics, University of Warsaw, Faculty of Management, vol. 2(8), pages 5-26, October.

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