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Sunday, November 17, 2024

Government is not planning austerity after better than expected 2020

By: J.S.,STA

Prime Minister Janez Janša indicated Slovenia was not planning public spending cuts, having weathered 2020 better than expected due to stimulus measures “We’re not planning any cuts. We’re planning a recovery this year,” he told the National Assembly.

Janša noted Slovenia’s economy had contracted by 5.5% last year, significantly outperforming some forecasts. Exports declined minimally and unemployment rose by just 1%.

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