| Author (Corporate) | Organisation for Economic Co-operation and Development (OECD) |
|---|---|
| Publisher | OECD Publishing |
| Series Title | Policy Brief |
| Publication Date | February 2009 |
| Content Type | Journal | Series | Blog, Report |
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Adoption of the euro on 1 January 2009 marks a significant achievement for the Slovak Republic. This hard won result will bring many benefits but will also pose challenges. Decisive policy action will be needed in a number of areas to maintain high growth in the coming years. Special care will be needed to mitigate the effects of asynchronous shocks, and to deal with the effects of the longer-term process of catching up, including structural changes to the economy, rapid financial development and a persistent positive inflation differential with the euro area. These factors have, in some other countries, resulted in boom-bust cycles. In particular, flexibility in labour and product markets needs to be raised, the fiscal policy framework needs to be improved and housing policies need to be reformed. |
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| Source Link | Link to Main Source http://www.oecd.org/dataoecd/38/17/42116100.pdf |
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| Countries / Regions | Slovakia |
