Changes in the Economic Performance and Labour Market Situation in Slovakia during the COVID-19 Pandemic

Jana Masárová – Alexander Dubček University of Trenčín, Faculty of Social and Economic Relations, Študentská 3, 911 50 Trenčín, Slovak Republic

Eva Koišová – Alexander Dubček University of Trenčín, Faculty of Social and Economic Relations, Študentská 3, 911 50 Trenčín, Slovak Republic

Monika Gullerová – Alexander Dubček University of Trenčín, Faculty of Social and Economic Relations, Študentská 3, 911 50 Trenčín, Slovak Republic

7th International Scientific-Business Conference – LIMEN 2021 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Online/virtual, December 16, 2021, published by the Association of Economists and Managers of the Balkans, Belgrade; Printed by: SKRIPTA International, Belgrade, ISBN 978-86-80194-54-7, ISSN 2683-6149, DOI: https://doi.org/10.31410/LIMEN.2021

Abstract

The main purpose of economic research is to monitor the per­formance of a particular national economy and analyse the factors that determine its growth and fluctuations. Gross domestic product is primarily used to assess the performance of the economy. It is, however, also neces­sary to look at the labour market situation. COVID-19 pandemic is one of the factors that have impacted the Slovak economy and the labour market situation. The purpose of the paper is to evaluate the changes in the labour market and the performance of the Slovak economy in connection with the COVID-19 pandemic. The pandemic has resulted in lower economic perfor­mance. Particularly affected were the accommodation and food service activities, wholesale and retail trade as well as the manufacturing industry. Consequently, the labour market situation reflected these phenomena in decreased employment and increased unemployment rates.

LIMEN Conference

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