Slovenia GDP


GDP eases contraction in first quarter as domestic demand improves

In the first quarter, GDP fell 0.2% over the same period last year, which was well above the 2.8% contraction observed in the previous quarter. Nevertheless, the Slovenian economy remained in the red for the third consecutive quarter. The improvement in Q1 was entirely driven by a milder contraction in domestic demand (Q4 2011: -4.4% year-on-year; Q1 2012: -1.6% yoy). Private consumption grew 1.4% over the same quarter last year, contrasting the 4.4% drop recorded in the previous quarter, while government spending rose 0.2% (Q4 2011: -2.6% yoy). Fixed investment, on the other hand, contracted for the 14th quarter in a row, falling 10.9% in the first quarter (Q4 2011: -6.9% yoy). The external sector, which has been Slovenia

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