Economists to government: Yesterday was late, you need to act

Top experts worry the Slovak economy will drop further than the economies of other countries.

PM Igor Matovič and Finance Minister Eduard Heger presenting new measures they agreed on with banks.PM Igor Matovič and Finance Minister Eduard Heger presenting new measures they agreed on with banks. (Source: SITA)
Related story:MPs approve economic measures to help individuals and companies affected by the coronavirus Read more 

Slovakia is lagging behind in terms of measures to contain the economic impact of the coronavirus pandemic. Yesterday was too late, wrote the top Slovak economists in their recent letter to the government.

“We are lagging behind not only in terms of time but also volume,” they wrote. “There is a threat that the Slovak economy will drop further than the economies of other countries.”

The initiative came from Ľuboš Pástor, a Slovak professor in finance at the University of Chicago and member of the bank council of the National Bank of Slovakia (NBS).

In the letter he and eight other economists, including a state secretary at the Economy Ministry who signed it, propose more measures that should be adopted in hours and days rather than weeks, to prevent the collapse of the economy.

The rest of this article is premium content at Spectator.sk
Subscribe now for full access

I already have subscription - Sign in

Subscription provides you with:
  • Immediate access to all locked articles (premium content) on Spectator.sk
  • Special weekly news summary + an audio recording with a weekly news summary to listen to at your convenience (received on a weekly basis directly to your e-mail)
  • PDF version of the latest issue of our newspaper, The Slovak Spectator, emailed directly to you
  • Access to all premium content on Sme.sk and Korzar.sk

Get daily Slovak news directly to your inbox

Top stories

Better times ahead for the Calvary in Bratislava

The last preserved station was restored this summer.

The last preserved station of the Stations of the Cross in Bratislava

Why you need to buy a belt

On this Black Friday, with society teetering on the brink of chaos, I ask that we all do our part.

Roundup: Bratislava’s Old Market Hall hosts Christmas markets

If you have not watched the 'Dracula' miniseries, filmed in Slovakia last year, it is about time.

Bratislava’s Old Market Hall will provide visitors with Christmas vibes in the coming four weeks. Each week, from Wednesday to Saturday, people can do a little bit of Christmas shopping at the venue.

Fico admits to ties with Bödör

Former prime minister stands by his praise for the state secretary who confessed to corruption and court interference.

Robert Fico during his November 26 press conference.