Slovenia Economic Outlook
September 25, 2018The economy lost momentum for the second consecutive quarter in Q2. Weaker domestic demand drove the downturn, with higher inflation chipping away at households’ purchasing power. Conversely, exports soared which translated into a positive contribution to growth from the external sector. Available data from the third quarter suggests the economy’s pace of expansion remains resilient: In July, industrial production growth was strong, albeit losing some ground from the previous month, and retail sales also picked up mildly amid moderating inflation and rising wages. Meanwhile, survey-based data indicates a downbeat picture: Consumer confidence sank to a one-year low in August, while business sentiment remained at July’s 14-month low. On 13 September, Slovenia’s parliament approved the country’s first minority government—a center-left coalition led by Prime Minister Marjan Šarec. Economic policy priorities include establishing a more business-friendly environment and improving the national health system. Divergent stances on a number of policies among the coalition parties, however, have raised concerns that the minority government might struggle to survive the entire four-year term.
Slovenia Economic GrowthThe economy is expected to lose steam next year, due to an anticipated deterioration in domestic demand and a moderation in export growth. Nevertheless, a tight labor market and subdued inflationary pressures should keep private consumption expanding at a healthy pace. On the other hand, heightened trade tensions are likely to suppress demand for exports, causing a downturn in the external sector. Met the why particular panelists project GDP will expand 4.4% in 2018. In 2019, the panel sees GDP growth of 3.4%, which is unchanged from last month’s forecast.
Slovenia Economy Data
5 years of Slovenia economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.16||-0.79 %||Oct 16|
|Exchange Rate||1.16||0.65 %||Oct 16|
|Stock Market||818||-0.30 %||Oct 16|
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Slovenia Economic News
September 11, 2018
Industrial production grew at a weaker pace of 5.9% year-on-year in July, down from a revised annual expansion of 6.3% in June (previously reported: -5.8% year-on-year).
August 31, 2018
Consumer prices rose 0.1% over the previous month in August, following a 0.9% month-on-month drop in July.
August 31, 2018
Detailed national accounts data released by the country’s Statistical Office showed that the economy lost ground in the second quarter, with annual GDP growth falling to 3.8% in the quarter, down from 4.5% in the first quarter.
August 27, 2018
Following a two-month political stalemate, Slovenia’s parliament nominated election runner-up Marjan Sarec—head of the List of Marjan Sarec (LMS) party—to be the country’s prime minister on 17 August.
August 16, 2018
Industrial production lost some pace in June, with annual growth in industrial output slowing to 5.8% from a revised 6.2% year-on-year expansion in May (previously reported: +5.9% year-on-year).