Slovenia Economic Outlook
May 3, 2022After hitting the highest level in the Euro area in Q4, economic growth is likely to have slowed in Q1. This will be in large part due to higher energy prices, which will have dented both household consumption and the external balance. Government measures were likely insufficient to fully soften the blow to activity. Heading into Q2, with energy prices remaining elevated, growth is set to stay subdued. In politics, center-left candidate Robert Golob’s party won 41 of the 90 seats in parliament in late April, paving the way for a left-leaning coalition government. The margin of victory was greater than expected by most analysts and will likely boost political stability, boding well for investment ahead. Golob has pledged to safeguard the rule of law and media freedom, signaling improved ties with the EU following the rocky relationship seen under the current prime minister’s leadership.
Slovenia Economic GrowthGDP growth should soften this year on a tougher base effect. Nonetheless, it will remain above its pre-pandemic average thanks to the removal of Covid-19 restrictions, which will invigorate private spending, and easing supply constraints, which should aid the external sector. A volatile global energy market poses a strong downside risk. FocusEconomics analysts project the economy to expand 4.2% in 2022, which is down 0.2 percentage points from last month’s forecast. In 2023, the economy is seen growing 2.9%.
Slovenia Economy Data
5 years of Slovenia economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.30||-0.79 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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Slovenia Economic News
April 29, 2022
Consumer prices rose by 2.56% in April over the previous month, compared to March's 1.11% decline.
April 11, 2022
Industrial output declined 1.2% in year-on-year terms in February, which contrasted January's 9.2% increase.
March 31, 2022
Consumer prices dropped 1.11% in March over the previous month, swinging from February's 1.38% rise.
March 10, 2022
Industrial output increased 9.9% year-on-year in January (December: +11.9% yoy).
March 10, 2022
GDP growth accelerated to 10.4% year on year in the fourth quarter, from 5.0% in the third quarter.