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2009 | 57 | 6 | 524-567
Tytuł artykułu

ECONOMIC DEVELOPMENT OF SLOVAKIA IN 2008 (Hospodarsky vyvoj Slovenska v roku 2008)

Warianty tytułu
Języki publikacji
SK
Abstrakty
EN
In 2008, preservation of political stability in Slovakia was coupled with continuity in a quite satisfactory economic-policy framework's influence on the real economy. This has been reflected in GDP growth rate surpassing 6%, in the employment rate growing by 3.2% and real wages growth totalling to 3.3%, while at the same time Slovakia has managed to comply with all nominal convergence criteria, meeting the levels required for the Euro zone accession (from 1 January 2009). However, in consequence of the upcoming global economic crisis, the last quarter of 2008 brings a turnabout in the positive development trends also as regards the Slovak economy. Extremely open economy of the SR and its vulnerability to swings in the business cycle of the world economy eventuates in the fact that after an era of successful economic development in 2005 - 2008, the Slovak economy faces the most serious recession since its transformation depression (at the beginning of 90s) and that its recession will be one of the deepest among the EU countries, too. The article predicts GDP contraction by 6 - 7.5% in 2009, unemployment rate swelling to 11.2 - 12.5% and disinflation as a probable attendant phenomenon of the recession.
Rocznik
Tom
57
Numer
6
Strony
524-567
Opis fizyczny
Rodzaj publikacji
ARTICLE
Twórcy
autor
autor
autor
  • Ivan Okali, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava, Slovak Republic; www.ec.sav.sk
Bibliografia
Typ dokumentu
Bibliografia
Identyfikatory
CEJSH db identifier
10SKAAAA08568
Identyfikator YADDA
bwmeta1.element.03dc7333-ac24-381a-b196-07008145f4bc
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