Development Scenarios and Convergence of Slovak Economy towards the European Uion Average
Development Scenarios and Convergence of Slovak Economy towards the European Uion Average

Summary/Abstract: The ongoing integration process accompanied by several crucial changes in the performance of concerned economic subjects deserves the attention to be paid to analyse and project the future development. This paper is aimed at describing pos-sible trends of Slovak economy’s development after joining the European Union. In the first part, we present a brief comparison of four alternative scenarios of future Slovak economic performance in the crucial areas of real economy – the labour market, prices, international trade, domestic demand and gross domestic product. The prognosis covers the period of next eight years, ending with 2010. In the second part, we describe the process of Slovak economy converging towards the EU ave-rage, both in the sense of real and nominal convergence

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