Strong exports in the Slovak Republic supported a healthy economic expansion with real GDP growing 3.3 percent in 2011. The 2012 Article IV Consultation highlights that the robust performance of net exports offset the contraction in domestic demand amid fiscal consolidation and volatile consumer...

The Slovak Republic’s 2005 Article IV Consultation reports that sound macroeconomic management and a wide range of fundamental structural reforms are supporting nominal convergence with European Union norms. Real GDP growth accelerated to 6 percent in 2005, driven by an improvement in the...

Real GDP growth slowed somewhat to 5.3 percent in 2009, its slowest pace since 2000, though Vietnam was among the better performers in developing Asia. An immediate challenge is to consolidate the current stable macroeconomic conditions through prudent policies and better communications. Over...

This paper analyzes the implications of global rebalancing in the post-crisis period for Korea and how high leverage in the household and SMEs sectors could affect this process. The first section of the paper discusses implications of global rebalancing for Korea using simulations from the...

Barbados has some of the highest social and competitiveness indicators in the region and enjoys investment-grade rating on its sovereign bonds. The staff report for Barbados’s 2009 Article IV Consultation highlights economic developments and policies. Balance-of-payments pressures have...

Belize’s near-term macroeconomic prospects have improved over the past year. The main risks to growth and financial stability arise from fiscal challenges and deterioration in the global outlook. Despite data limitations that constrain the analysis, the Belize dollar appears broadly in line...