22.5 C
Ljubljana
Wednesday, July 6, 2022

Banka Slovenije expects 6-16% GDP contraction in 2020

Slovenia’s central bank Banka Slovenije said that the the impact of the coronavirus pandemic on the Slovenian economy will likely be higher than in the last global financial crisis.

It expects GDP to contract by between 6% and 16%. Publishing a preliminary analysis that does not factor in emerging fiscal and monetary policy measures, Banka Slovenije outlined three possible scenarios. It stressed the impact would be very large in any case, while its gravity would depend on how long containment measures remained in place and on the speed of the recovery after they are lifted.

Share

Latest news

Slovenian and Italian firefighters sign cooperation agreement

By: P.T., STA Slovenian and Italian firefighters signed an agreement on cooperation in the border area as part of the European CROSSIT SAFER project, which...

Survey: Quarter of companies see current situation as life-threatening

By: J.S., STA A survey by the Chamber of Commerce of Slovenia (GZS) sees more than a quarter of the surveyed companies assessing that the...

Covid cases surge to over two-month high

By: P.T., STA Slovenia confirmed 1,815 new coronavirus infections on Monday, up 33% week-on-week, in what is a new high since mid-April. Two Covid patients died,...

Jobless total continues to drop in June

By: J.S., STA The number of registered jobless continued to decline in June reaching a new post-1990 low. At the end of the month, 53,860 unemployed...

Related news

Survey: Quarter of companies see current situation as life-threatening

By: J.S., STA A survey by the Chamber of Commerce of Slovenia (GZS) sees more than a quarter of the surveyed companies assessing that the...

Covid cases surge to over two-month high

By: P.T., STA Slovenia confirmed 1,815 new coronavirus infections on Monday, up 33% week-on-week, in what is a new high since mid-April. Two Covid patients died,...

Jobless total continues to drop in June

By: J.S., STA The number of registered jobless continued to decline in June reaching a new post-1990 low. At the end of the month, 53,860 unemployed...

SDS referendum signature collection scheduled for autumn

By: J.S., STA The opposition Democrats (SDS) will be collecting 40,000 signatures for a referendum with which they want to challenge government expansion by three...
Share