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Wednesday, July 24, 2024

C-bank substantially upgrades GDP growth forecast for 2022

By: P.T., STA

Banka Slovenije upgraded its economic growth forecast for Slovenia by 1.8 percentage points from its December outlook to 5.8% for this year as a result of a carry-over from last year, while downgrading the projection for 2023 by 0.9 points to 2.4%.

“Economic growth is moderating, but annual growth for this year remains high and is largely due to the carry-over effect, which is the result of favourable developments towards the end of 2021,” Robert Zorko, deputy head of the central bank’s analysis and research centre, said. Inflation is projected to run at 9% this year before easing to 4.5% and 2.3% over the next two years.

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