Slovenia Economic Outlook
June 26, 2018The latest data shows that Slovenia remained among the Eurozone’s fastest-growing economies in the first quarter, albeit losing speed from the previous quarter. GDP grew 4.6% year-on-year in Q1, moderating from the 6.0% rise recorded in Q4. Growth was supported by a rapid upturn in domestic demand, underpinned by robust fixed investment growth. A weaker climb in exports, however, caused the economy to lose stride. Available data for the outset of the second quarter was less upbeat: Retail sales contracted in April despite rising average net earnings, while consumer confidence and business sentiment lost ground in the following month. Meanwhile, uncertainties on the political front prevail as the parliamentary election held on 3 June failed to deliver a clear outcome, denting Slovenian bond prices. While the center-right Slovenian Democratic Party (SDS) won the most number of seats, it will likely struggle to capture sufficient parliamentary support to head the next government. Coalition talks are currently underway.
Slovenia Economic GrowthEconomic growth is set to remain strong this year, supported by healthy domestic demand and robust exports. Structural changes in the labor market should drive a tepid upturn in private consumption against a backdrop of subdued inflation. That said, slow-paced reforms to restructure state-owned enterprises are likely to restrain the pace of expansion. FocusEconomics panelists project GDP will expand a buoyant 4.5% in 2018, which is unchanged from last month’s forecast. Growth is seen moderating to 3.5% in 2019.
Slovenia Economy Data
5 years of Slovenia economic forecasts for more than 30 economic indicators.
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|Bond Yield||0.93||-0.79 %||Jul 13|
|Exchange Rate||1.17||0.65 %||Jul 13|
|Stock Market||889||-0.30 %||Jul 13|
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Slovenia Economic News
June 8, 2018
Industrial production rose 6.9% over the same month of the previous year in April, marking an acceleration from a revised 6.1% annual upturn in March (previously reported: +6.4% year-on-year).
May 31, 2018
The economy lost momentum in the first quarter of the year after having logged a stellar growth rate in the previous quarter.
May 31, 2018
Consumer prices rose 1.2% over the previous month in May following a 0.7% month-on-month rise in April.
May 28, 2018
Slovenia will hold a parliamentary election on 3 June, in what is expected to be a tightly contested race.
May 10, 2018
Industrial production grew a strong but more moderate 6.4% year-on-year in March following a revised 7.2% expansion in February (previously reported: +7.5% year-on-year).