The economy of Slovakia

Slovakia experienced a less painful transition than some of its neighbours from a centrally planned economy to a market economy, without, for example, hyperinflation or high poverty rates. Driven by rapid productivity growth accompanied by low inflation, the Slovak economy today is among the most dynamic of the ten mainly Central and Eastern European countries that joined the EU in May 2004. However, it still lags some of its peers in terms of per capita income levels.

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