OECD Economics Profile picture
Jan 13, 2022 11 tweets 10 min read Read on X
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

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More from @OECDeconomy

May 9, 2023
The latest @OECD Economic Survey of #Germany has been released!

Accelerating the green and digital transitions, modernising the public administration, reducing labour taxes, improving education and training are key gov. priorities.

➡️oe.cd/3LD

1/9 Image
The economy will slowly recover on the back of a large order backlog, easing supply chain bottlenecks & a recovery in export demand.

Investment will pick up due to high corporate savings, investment needs linked to renewable #energy expansion & increased public investment.

2/9 Image
Rapid population #ageing is exacerbating labour shortages.

Improving the labour market integration of women, older and low-skilled workers, facilitating skilled labour migration, expanding adult learning opportunities and raising educational quality is key.

3/9 Image
Read 9 tweets
Mar 2, 2020
1/ #Coronavirus #COVID19 OVID19 to lower already weak 2020 global economic prospects. The sharp slowdown in #China is negatively affecting business travel, tourism, supply chains, commodity markets and consumer confidence. oecd.org/economic-outlo…
2/ Containment measures to prevent the spread of #COVID19 coronavirus are sharply slowing manufacturing and consumption in #China. #OECD
3/ #Coronavirus to take larger toll than 2003 SARs given that #China ‘s economy is now 3x bigger.
Read 9 tweets

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