The challenges going forward will be restoring public finances while driving down unemployment and fostering long-term inclusive growth, according to the OECD's latest Economic Survey of the Slovak Republic.
The Slovak Republic recovered strongly from the global economic crisis and is weathering well the storm that has struck its main European trading partners. The challenges going forward will be restoring public finances while driving down unemployment and fostering long-term inclusive growth, according to the OECD’s latest Economic Survey of the Slovak Republic.
The report, presented today in Bratislava by OECD Secretary-General Angel Gurría and Slovak Prime Minister Robert Fico, recognises the strong performance of the Slovak economy over the past several years. Nevertheless, it also notes that weak domestic demand and the difficult external environment have reduced the forecast for the coming years, with growth projected at 2 per cent in 2013 and 3.4 per cent in 2014.
“The Slovak Republic has one of the highest growth rates in the OECD and is seen as an attractive environment for foreign investment”, Mr Gurría said during the Survey launch. “The road ahead is nonetheless full of challenges, notably indentifying domestic drivers of growth and implementing policies for sustainable improvements in the labour market. Joblessness is high and the share of long-term unemployment is among the highest in the OECD. More can be done to help the unemployed – and particularly the youth, the long-term jobless and the Roma – to find their way back to work”, he said.
Full article
© OECD
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article