OECD Economic Surveys: Slovak Republic 2024

Download or read book OECD Economic Surveys: Slovak Republic 2024 written by OECD and published by OECD Publishing. This book was released on 2024-03-18 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Slovak economy has been relatively resilient to the energy crisis, but growth has slowed amid high inflation, weakening foreign demand and tightening financial conditions. The pandemic and the energy crisis have deteriorated public finances; steady fiscal consolidation is now needed to rebuild fiscal buffers and improve long-term fiscal sustainability in the face of rapid population ageing. Sustaining economic convergence and facilitating inclusive structural change requires improving skill provision at all stages of the learning cycle, fostering the domestic innovation capacity and improving the business environment.