By: P.T., STA,
Slovenia’s economy contracted by 2.6% year-on-year in real terms in the third quarter, as seasonally-adjusted GDP increased by 12.4% from the quarter before, declining by 2.9% year-on-year, the Statistics Office reported.
Domestic consumption in the third quarter contracted by 5% y/y and gross investment by 19.6% as exports fell by 9.5%. The central bank said the quarterly rebound was expectedly strong following the easing of coronavirus measures, while the government think-tank IMAD said it was better then expected. They both projected a decline in activity in the final quarter.