By: P.T., STA
The European Commission projects that Slovenia’s economy will expand by 5.7% this year, a 0.8-point increase on its May forecast.
The outlook for 2020 was slightly downgraded to 5%. The eurozone as a whole is expected to post growth rates of 4.8% and 4.5%, respectively. The Commission said Slovenia’s recovery was buoyed by growing private spending, investments and exports, with merchandise exports already at pre-crisis levels. In general the impact of the pandemic is still cushioned by significant government measures in support of jobs and corporate liquidity.