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Economic Development of Slovakia in 2010 and Outlook Up to 2012

In: Ekonomický časopis/Journal of Economics, vol. 59, no. 6
Karol Morvay - Ivan Okáli - Herta Gabrielová - Veronika Hvozdíková - Ivana Šikulová - Karol Frank - Tomáš Jeck
Detaily:
Rok, strany: 2011, 549 - 635
Kľúčové slová:
economic growth, economic policy, post recession development, country study – Slovakia, forecast, production, balance of payments, external trade, labour market, public finance, monetary policy
Typ článku: Štúdia / Study
O článku:
Economic development of Slovakia in 2010 was marked by the decline of recession symptoms. Recession was replaced by a recovery, strongly differentiated by sectors. The economy has responded well to the signs of recovery in external demand. Change of government has also brought economic policy changes, their impact was not shown fully in the same year. More significant were the effects of external environment. The labour market responded to the renewed performance growth with delay. The outlook reflects the expectation of continuing economic policy changes, including fiscal consolidation. The performance of the economy in 2011 will return to pre-recession levels, but some indicators will remain on unfa-vourable level: the inflation revives, high unemployment rate will remain, the public debt will grow, and the wage growth will be probably weak. In 2012 should be the higher growth associated with a better state of balance. Very likely it will strengthen the catching-up process.
Economic development of Slovakia in 2010 was marked by the decline of recession symptoms. Recession was replaced by a recovery, strongly differentiated by sectors. The economy has responded well to the signs of recovery in external demand. Change of government has also brought economic policy changes, their impact was not shown fully in the same year. More significant were the effects of external environment. The labour market responded to the renewed performance growth with delay. The outlook reflects the expectation of continuing economic policy changes, including fiscal consolidation. The performance of the economy in 2011 will return to prerecession levels, but some indicators will remain on unfavourable level: the inflation revives, high unemployment rate will remain, the public debt will grow, and the wage growth will be probably weak. In 2012 should be the higher growth associated with a better state of balance. Very likely it will strengthen the catching-up process.
Ako citovať:
ISO 690:
Morvay, K., Okáli, I., Gabrielová, H., Hvozdíková, V., Šikulová, I., Frank, K., Jeck, T. 2011. Economic Development of Slovakia in 2010 and Outlook Up to 2012. In Ekonomický časopis/Journal of Economics, vol. 59, no.6, pp. 549-635. 0013-3035.

APA:
Morvay, K., Okáli, I., Gabrielová, H., Hvozdíková, V., Šikulová, I., Frank, K., Jeck, T. (2011). Economic Development of Slovakia in 2010 and Outlook Up to 2012. Ekonomický časopis/Journal of Economics, 59(6), 549-635. 0013-3035.