Unemployment figures are at historic lows. Inflation has also fallen significantly and will be lower (2.1%) than expected in the spring (2.7%). However in spring experts forecasted a 2.4% growth of the GDP, while the new estimate is only 1.5%.
Unemployment figures are at historic lows. The unemployment rate during the summer has gone down to 3.4 percent. Inflation has also fallen significantly and will be lower (2.1%) than expected in the spring (2.7%). However, the government's Institute of Macroeconomic Analysis and Development (IMAD) lowered its growth expectations in its September forecast.
In spring the IMAD forecast a 2.4% growth of the GDP, while the new estimate is only 1.5%. The figure remains higher than the projected economic growth for the European Union (1%) or the euro area (0.8%), the main reasons for the revised figures are related, among other factors, to the economic situation of Slovenia’s main trading partners in the EU.
In short, the exports figures are down due to the weaker growth of foreign demand. In 2025, growth is expected to strengthen and reach 2.4% and in 2025 2.5%.
