ECONOMIC DEVELOPMENT OF SLOVAKIA IN 2009

• Authors: Morvay Karol , Okali Ivan , Gabrielova Herta , Hvozdikova Veronika , Sikulova Ivana , Frank Karol , Jeck Tomas
• Languages of publication: EN

Abstracts

EN

After a rather long period of unprecedented economic growth, the Slovak Republic experienced an economic downturn in 2009. The small open economy, with an insufficient domestic market, responded sensitively to the slump in external demand. This was not the first serious destabilization of the Slovak economy, but the first one caused primarily by the external environment. Employment has been hit particularly hard by the recession, even though with a notable delay. The economy began to recover slowly in the first half of 2010; however the signs of recovery appear to differ considerably across sectors. The authors expect fragile recovery to continue further in 2010 (differentiated broadly by sectors), while the labour market development remains troubled. And with a certain time delay, the government's consolidation effort will probably enter this process.

Keywords

EN

ECONOMIC GROWTH; ECONOMY; FORECAST; LABOUR MARKET; MONETARY POLICY; PRODUCTION; PUBLIC FINANCE; SLOVAKIA

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2010
• Volume: 58
• Issue: 6
• Pages: 549-613
• Document type: ARTICLE

Contributors

author

Morvay Karol

• Ekonomický ústav SAV, Šancová 56, 811 05 Bratislava, Slovak Republic

author

Okali Ivan

author

Gabrielova Herta

author

Hvozdikova Veronika

author

Sikulova Ivana

author

Frank Karol

author

Jeck Tomas

• Karol Morvay, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava, Slovak Republic

Identifiers

CEJSH db identifier

11SKAAAA100925