Thread by @OECDeconomy

The @OECD Economic Survey of 🇸🇰 #Slovakia has been released!

Preparing for rapid population ageing, boosting productivity & greening the #recovery from #COVID19 represent key policy priorities going forward.

➡oe.cd/slovakia
@MathiasCormann
@LauBooneEco
1/11

After a deep economic contraction in 2020, #Slovakia’s economy is recovering.

➡oe.cd/slovakia
2/11

Risks surrounding the outlook remain high. Supply disruptions are leading to volatile production and surging #inflation in #Slovakia.

➡oe.cd/slovakia
3/11

Efforts need to be stepped up to accelerate #vaccinations against #COVID19.

The share of people fully vaccinated remain 25% points below the EU average.

➡oe.cd/slovakia
4/11

Over the medium term, addressing rapid population #ageing remains a key challenge to fiscal sustainability & long-term growth.

➡oe.cd/slovakia
5/11

Pension, health & long-term care, and labour market #reforms will be required to address increasing ageing-related #fiscal pressures.

➡oe.cd/slovakia
6/11

The effective #retirement age is among the lowest in the OECD.

Linking the future statutory retirement age to life expectancy & tightening pathways to early retirement would improve the sustainability of public #pension systems.

➡oe.cd/slovakia
7/11

Increasing the #employment rates of mothers, together with low-skilled and older workers, will be essential to mitigate the impact of a shrinking workforce.

➡oe.cd/slovakia
8/11

The low & uneven uptake of #digital technologies of firms presents a challenge for future #productivity growth.

Enhancing research & innovation and digital government services, and deploying reliable digital infrastructure are key to enabling the digital transformation.

9/11

Improving educational outcomes & investing in
#skills should remain a priority.

Early childhood #education, better training for teachers, and improved opportunities for vulnerable students would help improve educational performance & equal opportunities.

10/11

Meeting the new ambitious #climate objectives will
require sizeable investment & reductions in #emissions.

Pricing #carbon more coherently is needed to reduce emissions cost-effectively.

➡oe.cd/slovakia
11/11