IMF forecast Slovenia’s gross domestic product (GDP) to shrink by 8% this year compared to 2019 as a consequence of the coronavirus pandemic, while a rebound of 5.4% is expected in 2021.
The forecast for Slovenia in the latest World Economic Outlook report is a drastic downgrade compared to the projection from last autumn, when Slovenia was forecast to record 2.9% GDP growth this year. The country’s annual inflation now was projected to hit 0.4% this year and 1.4% next year, with the survey unemployment rate expected to increase to 9% this year and drop to 6% in 2021.