Economic Development of Slovakia in 2003 (Study Prepared on Behalf of the United Nations Economic Commission for Europe) Cover Image

Hospodársky vývoj Slovenska v roku 2003 (Štúdia vypracovaná na požiadanie Európskej hospodárskej komisie OSN)
Economic Development of Slovakia in 2003 (Study Prepared on Behalf of the United Nations Economic Commission for Europe)

Author(s): Egon Hlavatý, Károly Morvay, Karol Frank, Ivan Okáli, Richard Outrata, Herta Gabrielová
Subject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: economic growth; economic policy

Summary/Abstract: In the Slovak Republic, 2003 was the year of intensive economic-policy activities focused not only on the strengthening of macro-economic stability but on the creating of reforming conditions of its sustaining. The results of economic deve-lopment of the SR were satisfactory in 2003 in spite of restraining of domestic demand by restrictive measures. Relatively high, 4.2 % rate of economic growth was achieved in 2003 mostly thanks to wide export increase. Concurrently with this, also the results of public finance have improved, the development of current account and employment were favourable as well. The rate of inflation has risen due to price deregulation. The prediction of economic development for 2004 expects further modest increase in GDP growth rate and persisting of the trends in macro-stability indicators development recorded in the year 2003.

  • Issue Year: 52/2004
  • Issue No: 05
  • Page Range: 511-556
  • Page Count: 46
  • Language: Slovak