Feb 10 • 15:33 UTC 🇸🇰 Slovakia Denník N

Chart of the Day: Bribes Impede Economic Growth. Under Fico's Government, They Are on the Rise According to a Survey

A recent survey indicates that bribery is increasing under Robert Fico's government in Slovakia, contributing to economic stagnation.

A recent analysis highlights a concerning trend in Slovakia, where the prevalence of bribery is linked to economic underperformance. The survey reveals that Slovakia has dropped 14 places in the corruption perception index under the current Fico administration, hinting at a deterioration in governance and economic conditions. This deterioration is alarming for a country already struggling with a lower economic output at 75% of the EU average, raising concerns over the long-term implications for growth.

The relationship between corruption and economic performance is well-documented, as countries with high incidences of bribery often exhibit weaker economies. The data presented in the "Chart of the Day" essentially underscores the notion that a transparent environment is conducive to economic prosperity. With Fico's government significantly curbing anti-corruption efforts, it could have a lasting impact on Slovakia’s economic trajectory if the trend continues.

Countries like Luxembourg, which maintain low levels of corruption, showcase robust economic performance, with outputs nearly 2.5 times the EU average in 2024. This stark contrast serves as a potent reminder of how governance can directly influence economic health. For Slovakia to foster genuine economic growth, addressing corruption must be a priority in government policy, as continuing on the current path may further exacerbate its stagnation and decline in the international standings.

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