Maja Bednaš

Ljubljana – The Institute of Macroeconomic Analysis and Development (IMAD) has upgraded its growth forecast for the Slovenian economy for this year by 0.8 percentage points to 5% despite the energy crisis. However, it corrected significantly downwards the outlook for 2023, halving it from 3% in spring forecast to 1.4%.

Ljubljana – After contracting by an estimated 5.5% in real terms last year, Slovenia’s economy returned to growth in the first quarter of the year as GDP expanded at an annual rate of 1.6% in real terms or by as much as 2.3% when adjusted for season. It rose by 1.4% from the final quarter of 2020, data from the Statistics Office show.

Ljubljana – The Institute of Macroeconomic Analysis and Development (IMAD) has upgraded its economic growth forecast for Slovenia for this year to 4.6%, to be followed by a 4.4% growth in 2022 and 3.3% in 2023.

Ljubljana – Slovenia’s GDP dropped 5.5% in real terms in 2020 over the year before, the Statistics Office said on Friday. Domestic spending saw a considerable drop, while external demand also suffered a blow. Data for the final quarter of last year show a year-on-year drop of 4.5%.

Ljubljana – Banka Slovenije and the European Investment Bank (EIB) discussed investment priorities in the wake of the coronavirus crisis. Investment success will translate into effective crisis exit strategies, said Boštjan Vasle, the governor of Slovenia’s central bank.

Ljubljana – IMAD, the government’s macroeconomic think tank, has reduced the GDP contraction forecast for 2020 from 6.7% to 6.6% and downgraded its growth projection for next year from 5.1% to 4.3%, the Government Communications Office said in a press release on Wednesday after the government took note of IMAD’s report.

Year-on-year GDP growth was higher in the third quarter (4.8%) than in the previous quarter (4.3%). The growth of economic activity (1.3%) also accelerated in relation to the previous quarter (0.9%) and exceeded the growth in the EU average (0.3%).

Graph: Quarterly GDP growth in Slovenia and the EU