Slovakia has significantly worse prospects for economic recovery after the end of the coronavirus pandemic than other developed countries. According to a special edition of the World Economic Forum's (WEF) Global Competitiveness Report, whose results were published by the Slovak Business Alliance (PAS) the problem is the low level of digital skills and the high risk of job losses as a result of automation.
"Although the pandemic affected all countries around the world, not all of them suffered major damages. The report says that countries with advanced digital economies and digital skills, comprehensive social networks and previous experience in epidemics managed the impact of the pandemic on their economies and citizens best," stressed the PAS executive director Peter Serina.
WEF examined the level of countries' preparedness for rapid recovery and economic transformation through the so-called preparedness scores in 11 monitored areas. The examination showed none of the 37 countries surveyed as comprehensively prepared. Slovakia did not do very well in the evaluated parameters. From the viewpoint of the Visegrad Four countries (Czechia, Hungary, Poland and Slovakia) it ended second in five parameters, third in three parameters and fourth in the region in four parameters.
Slovakia posted the best result (10th position) in the parameter called "Modernisation of Infrastructure in Order to Facilitate and Extend Access to Electricity".
