Current Account in Slovenia
Slovenia - Current AccountAnnual growth remained at one of the highest levels in the Euro area in Q1, but largely due to a base effect. Quarter-on-quarter growth slowed due to a contraction in the export sector, which continues to be hampered by supply shocks. Turning to Q2, activity is set to weaken further. Harmonized inflation rose to the highest level since 2002 in April, stoked by the impact of the war in Ukraine on commodity prices and supply chains. This fed in to lower business and consumer confidence in Q2 so far compared to Q4, potentially depressing investment and private spending. In politics, on 14 May the Freedom Movement penned an agreement with other left-wing parties to form a coalition government, boding well for political stability. Key policy proposals include improving relations with the EU and providing handouts to households and firms to alleviate the cost of living crisis.
Slovenia - Current Account Data
|Current Account (% of GDP)||3.8||4.8||6.3||6.1||6.6|
5 years of economic forecasts for more than 30 economic indicators.
Slovenia Current Account Chart
Source: Slovenia Central Bank and FocusEconomics calculations.
|Bond Yield||0.30||-0.79 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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January 10, 2023
Industrial production declined 3.6% year on year in November (October: -3.9% yoy).
December 30, 2022
Harmonized inflation held steady at November's 10.8% in December.
December 9, 2022
Industrial output rose 0.1% year on year in October (September: +1.1% yoy).
November 30, 2022
Harmonized inflation rose to 10.8% in November, following October’s 10.3%.
November 18, 2022
Harmonized inflation came in at 10.3% in October, down from September’s 10.6%.