Activity has rebounded but the pace of the recovery has slowed
The convergence process started to slow already after the global financial crisis
Employment is vulnerable to automation and long-term unemployment is high
Infections have risen amid low vaccination rates
Slovakia is highly exposed to shifts in foreign demand
Activity has lost momentum and inflation is picking up
The banking sector appears resilient
The impact on the labour market was uneven across sectors and workers
Activation policies and training should be expanded
Employment rates of Roma are very low and most Roma are at risk of poverty
Government support has increasingly shifted to services
Ageing creates fiscal pressures
Revenue relies heavily on social security contributions and the tax wedge is high
Productivity gains have been large in manufacturing but modest in services sectors
Firms’ adoption of digital technologies is low
The potential to foster technology diffusion and productivity growth is large
Educational outcomes are weak and vary strongly with socio-economic background
Enrolment in pre-school education is low and heterogeneous
Skills mismatches are high and skills shortages in some segments significant
Participation in life-long learning is low and unequal
The innovation performance is weak
Net emigration has been stopped
The share of tertiary students enrolled abroad is very high
Overall public R&D support is low but tax incentives are very generous
Fixed and mobile connectivity and usage lags behind many OECD countries
E-government services can be expanded
There is scope to ease regulations in some areas
Insolvency procedures can be further streamlined and prevention strengthened
Perceived corruption is high
The anti-corruption framework is broadly in place
Green growth indicators