Slovenian Economic Mirror

GDP growth in Slovenia continues at a moderate pace; the deterioration of export expectations is reflected in lower export growth in some goods segments. The growth rates of goods exports and imports remain relatively high, which is, according to our estimate, to a great extent related to stronger trade and distribution activity in medicinal and pharmaceutical products. The growth of exports of other main manufactured goods is significantly lower, given the moderation of activity in Slovenia’s main trading partners and uncertainty in the international environment. Employment growth is slowing, but remains high amid increased hiring of foreigners. Favourable labour market conditions continue to boost growth in private consumption. Further growth is also recorded in activities related to domestic demand.