Slovenian Govt predicts 2.4% growth this year

Slovenian Govt predicts 2.4% growth this year

Ljubljana, March 26, 2015/ Independent Balkan News Agency

Review Hari Stefanatos

Slovenia’s economy will expand by 2.4% this year, up from its earlier estimate of 2%, after faster-than-expected 2.6% growth in 2014, according to projections of IMAD, the government’s macroeconomic forecaster, which upgraded its prediction for 2016 from 1.6% to 2%.

Exports will remain the steam engine of growth, since they are predicted to grow by 5.6% in 2015 and by 6.2% the following year, with imports expected to follow at around a percentile point lower.

Private consumption is expected to accelerate to 1.1% this year and 1.6% after that, while government spending will continue to drop by 0.4% each year.

(Source: Sloveniatimes)