This site has been archived on 27/01/17

Navigation path

The website of the Directorate General for Economic and Financial Affairs has moved.

You will find all publications issued after July 2015 on the new web presence.

Long-term growth remains a challenge for Slovakia despite the current boom


Long-term growth remains a challenge for Slovakia despite the current boom pdf (177 kB) Choose translations of the previous link 

In recent years, Slovakia has introduced wide-ranging reforms in the tax, pension, social and health care systems. These reforms have increased incentives to work, to create jobs and to invest, and have thus fostered growth and economic catching-up. The supply-side driven growth has so far ensured favourable price and wage developments. However, it is not clear whether this positive trend will continue in the medium term. The availability of a sufficiently skilled labour force has decreased significantly while young and unskilled unemployed have so far not benefited to any significant degree from the strong employment growth. At the same time, the public education system does not seem to be ensuring that everybody has sufficient skills to participate in the labour market, and is failing young people from disadvantaged backgrounds in particular. Moreover, R&D investment in Slovakia has been very low and falling in recent years. Hence, in order to ensure that employment and productivity continue to grow strongly in the coming years, Slovakia should focus on improving educational attainment and stimulating R&D investment.

Your feedback is welcome!
Please send any comments or suggestions to the email address given at the end of each issue.

(Country Focus 08. July 2007. Brussels. 6pp. Tab. Free.)

ISSN 1725-8375 (online)

Additional tools

  • Print version 
  • Decrease text 
  • Increase text