Slovenia Economic Outlook
February 4, 2020Annual growth likely picked up in the fourth quarter of last year, after decelerating to a four-year low in the third quarter amid slowing fixed investment. Although ebbing merchandise exports growth in October–November suggest that sluggish external conditions likely persisted in Q4, the domestic backdrop showed signs of improvement. A fall in the unemployment rate in Q4 and soaring wage growth in November point to upbeat private consumption. That said, slowing industrial production in October–November and downbeat business confidence through the quarter indicate that fixed investment growth eased. Meanwhile, in politics, Prime Minister Marjan Sarec unexpectedly stepped down on 27 January, citing lack of parliamentary support for his minority government. Although Slovenia’s fractured Parliament will have a chance to negotiate a new coalition government in the upcoming months, a snap election remains the most likely scenario.
Slovenia Economic GrowthGrowth is seen broadly stable this year. Reduced absorption of EU funds and lower levels of capacity utilization may curb fixed investment growth, while the government’s tight fiscal stance is set to drag on overall growth. Nevertheless, healthy private consumption growth should support the expansion. Exports growth may edgie down amid the challenging European backdrop. FocusEconomics analysts project growth of 2.6% in 2020, which is unchanged from last month’s forecast, and 2.7% in 2021.
Slovenia Economy Data
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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
February 14, 2020
Consumer prices fell 0.9% over the previous month in January, following December’s 0.2% decline.
February 10, 2020
Industrial production growth slowed to 1.0% year-on-year in December, from 1.3% in November.
January 29, 2020
On 27 January, Slovenia’s Prime Minister Marjan Sarec unexpectedly stepped down and called for a snap election, citing lacking parliamentary support for his minority government.
January 10, 2020
The industrial output growth slowed to 1.3% in November, from 2.7% in October.
January 9, 2020
Consumer prices fell 0.2% over the previous month in December, contrasting November’s 0.1% increase.