Economic Development of Slovakia in 2007 Cover Image

Hospodársky vývoj Slovenska v roku 2007
Economic Development of Slovakia in 2007

Author(s): Károly Morvay, Karol Frank, Tomáš Jeck, Ivan Okáli, Herta Gabrielová, Daniela Rumpelová, Ivana Šikulová
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: economic growth; economic policy; country study – Slovakia; forecast; production; balance of payments; external trade; foreign direct investment; labour market; public finance; monetary policy

Summary/Abstract: The balanced positive development of the Slovak economy continued also in 2007 within the economic-political and institutional settings formed by reforms of the former governments. The present left-wing government introduced some slight corrections into the economy, in particular by strengthening the social dimension of using economic results. The positive trends in economic growth, macroeconomic stability and social situation of the population confirm that the corrections of economic reforms have only a partial character and they did not have any impact on the dynamics of the economy in 2007. The rapid economic growth was induced particularly by activities of foreign investors. On the demand side, mainly growth of household and investment demand as well as growth of net export contributed to the economic growth. The paper deals also with development of production, external economic relations, labour market, monetary policy and public finance.

  • Issue Year: 56/2008
  • Issue No: 05
  • Page Range: 435-476
  • Page Count: 42
  • Language: Slovak