Money in Slovenia

Slovenia Money | Economic News & Forecasts

Slovenia - Money

The economy likely contracted at a slower pace in annual terms in Q3, as the impact of the pandemic lessened. Data for July–August shows that conditions were less downbeat: Both industrial production and retail sales decreased at a milder pace compared to Q2’s average. Turning to Q4, a surge in Covid-19 cases led to new restrictions in October, which are likely to hamper the recovery. In other news, in early October Moody’s upgraded Slovenia’s sovereign rating to A3, citing fiscal prudence in the past four years and a healthier banking sector. The move bodes well for credit conditions and could aid the government in financing next year’s budget deficit. Meanwhile, the draft 2021 budget submitted to the European Commission in October sees higher expenditure on public investment and the wage bill, and cuts to most other spending areas. The fiscal shortfall is predicted to remain sizable.

Slovenia - Money Data

2015   2016   2017   2018   2019  
Money (annual variation in %)5.0  7.7  6.6  7.4  7.9  

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Slovenia Facts

Value Change Date
Bond Yield0.30-0.79 %Dec 31
Exchange Rate1.120.65 %Dec 31

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