OECD economic surveys Slovenia. 2013.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Series:

OECD Economic surveys (Series) ; 0376-6438.

OECD economic surveys, 0376-6438

OECD economic surveys. Slovenia, 1995-3585

Language:

English

Subjects (All):

Slovenia--Economic policy.

Slovenia.

Slovenia--Economic conditions.

Physical Description:

1 online resource (106 p.)

Place of Publication:

[Paris] : OECD, 2013.

Language Note:

English

Summary:

OECD's 2013 Economic Survey of Slovenia examines recent economic developments, policies and prospects. This issue's special chapters cover banking and welfare restructuring.

Contents:

Table of contents; Basic statistics of Slovenia, 2011; Executive summary; Main findings; Key recommendations; Assessment and recommendations; The economy is in a deep recession; Stabilising the economy is a key policy challenge; Figure 1. Key macroeconomic developments; Table 1. Recent trends and outlook; Restoring the banking sector is the most urgent priority; A boom-bust credit cycle has led to large corporate sector leverage and a high level of impaired loans; Figure 2. Debt of non-financial corporations and households; Figure 3. Non-performing loans are high

Most banks remain fragile and there is a need for a comprehensive resolution frameworkFigure 4. Capital adequacy ratios; Deleveraging banks and the corporate sector; Figure 5. Public ownership is large and foreign direct investment is low; Box 1. Core recommendations to shore up the banking sector; Restoring public finances; Fiscal consolidation has been difficult; Figure 6. Fiscal deficit and its structural components; Improving the quality of fiscal consolidation; Box 2. Fiscal consolidation programmes since 2010; Strengthening the fiscal framework; Restructuring welfare spending

Figure 7. Gini coefficients of inequality of market and disposable incomesFigure 8. Inactivity and unemployment traps are large; Reforming the financing of health care; Box 3. Core recommendations to pursue fiscal consolidation; Containing the pressure of population ageing on pensions and long-term care; Figure 9. Challenges related to population ageing are immense; Reforming pensions; Figure 10. Labour force participation rate of older workers is low; Developing long-term care; Box 4. Core recommendations to reform the pension system and long-term care

Easing economic adjustment through more flexible labour and product markets and promoting green growthEnhancing product market competition; Figure 11. Product market regulation in professional services; Strengthening safety nets; Reducing labour market segmentation; Making growth more environementally friendly; Figure 12. Air pollution indicators; Figure 13. Environmental performance indicators for R&D expenditure and wastewater treatment; Box 5. Core recommendations for sustainable growth; Bibliography; Annex A.1. Progress in structural reform

Chapter 1.Banks' restructuring and smooth deleveraging of the private sectorPoor corporate governance led to a major banking crisis; A boom-bust credit cycle led to an over-indebted corporate sector and high impaired loans; Figure 1.1. Funding of banks in Slovenia; Figure 1.2. Household and corporate leverage; Figure 1.3. Non-performing loans are very high; Figure 1.4. Loans in arrears in different economic sectors; Bank governance has a large impact on loan portfolio quality; Figure 1.5. Solvency of banks in Slovenia; Figure 1.6. Portfolio composition of banks in Slovenia

Bank solvency is under severe pressure

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

9789264182905

926418290X

OCLC:

843203516