The privatization process restarts
Overview:
The Slovak economy has not been immune to the global economic crisis but has demonstrated considerable resilience nevertheless. Industrial output and exports are growing strongly and weaker areas such as private consumption and fixed investment are also now showing signs of recovery. There is some way to go before unemployment will fall back to pre-crisis levels but it has at least stabilised. The budget deficit and public debt to GDP ratio have deteriorated significantly in the last couple of years. With the economy recovering the new SDKU-led coalition is implementing measures to reduce the large budget deficit. It is also restarting the privatization process which stalled under the previous administration. These measures are likely to prove unpopular which will put pressure on the stability of the coalition.