Publications - Monographs and Scientific Edited Books

Another regular annual assessment of Slovak economic development comes at time when there is more optimism in the European economy, whilst some of risk factors that have caused recent debt crisis are still present. At the time of actual economic recovery, chronic problems of the Eurozone have overlapped, but have not been eliminated. The Slovak economy passed through two bottoms of the same crisis:a deep one in 2009 and shallow one in 2012/2013. There has been reported simultaneous positive development of substantial performance and stability indicators in 2014. The Slovak economy has accelerated its growth, while there has been a number of phenomena that are a bit “new” or “different” compared to current development: Employment has better responded to macroeconomic development, price level has not increased, economic growth was not driven by exporters but by domestic market, fiscal policy ceased to dampen the economy after years. Even insignificant improvements are perceived with optimism after approximately five years of mistrust and uncertainty. A number of phenomena occurred which necessarily brings question whether they are able to persist or if they were just short-term fluctuation in unstable economy. The analysis of Slovak economic development by Economic Institute, SAS is regularly published since 1993. It evaluates the level of economic development and economic performance, internal and external balance, economic policy, labour and financial markets development as well as measures that have changed economic environment. The conclusion outlines expected development in 2016.