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Monday, July 4, 2022

International Monetary Fund forecasts 8% gross domestic product drop for Slovenia in 2020

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.

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