Publications - Monographs and Scientific Edited Books
Economic Development of Slovakia in 2021
Ing. Karol Frank, PhD., Ing. Karol Morvay, PhD.
Team
Ing. Ivana Šikulová, PhD., doc. Ing. Karol Morvay, PhD., Ing. Tomáš Jeck, PhD., Ing. Veronika Hvozdíková, PhD., Ing. Martin Hudcovský, PhD., Ing. Karol Frank, PhD.
- Year: 2022
- Pages: 128
- ISBN 978–80–7144–331–5
- Download file (1,7 MB)
In the series of annual publications Economic development of Slovakia, for the twenty-ninth year, we have noticed what we consider to be unique and interesting in the Slovak economy in each period. Economic development in 2020 and 2021 was determined by forces whose origin is extra-economic. The economy was regulated by pandemic rules. These were determined by bodies that, under "normal" circumstances, are not decision-makers of economic policy. In 2020, this led to a deep recession with expectations of a more favorable development already a year later. In this publication you can read about the extent to which it was really more favorable and how it was marked by new problems and challenges. Our publication always has its central theme, a selected cross-sectional problem. When assessing economic development in 2021, we focused on changes related to post-pandemic recovery. We assume that the shock caused by the pandemic will bring a series of long-term changes in the functioning of the economy. It is not just about the decline of the economy and the subsequent return to the original level; a series of new, unique phenomena is created. At the Institute of Economic Research SAS, we prepare this annual analytical and evaluation view of the economic development of Slovakia since the founding of the independent Slovak Republic. Although the title of the publication contains a specific year, this does not mean that attention is paid to developments in an isolated one-year period. The evaluated phenomena are also placed in the context of tendencies in a longer period. Attention in this analysis progresses from the initial summary view through a series of more detailed views on partial problems. In the last part, we deal with expected changes in the near future.
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