Slovenian Economic Mirror 4/2022: Very high level of uncertainty in the international environment, moderation of growth in the export-oriented part of the economy
In the first quarter, growth in the export-oriented sectors of the economy in Slovenia weakened amid heightened uncertainty in the international environment. In the rest of the economy, especially in sectors dependent on domestic demand, activity increased in the first two months...
Current economic trends from 9 to 13 May 2022: manufacturing, the balance of payments and construction
In the first quarter of this year, manufacturing output remained unchanged from the previous quarter, while it was still...
Current economic trends from 3 to 6 May 2022: registered unemployment, electricity consumption, traffic of electronically tolled vehicles and other charts
As for the labour market, unemployment continues to fall and demand for labour remains high. The number of unemployed in...
Current economic trends from 25 to 29 April 2022: inflation, turnover in trade and turnover in market services
Inflation rose to 6.9% year-on-year in April. The high increase was mainly caused by high energy prices, especially...
After last year’s strong rebound, we expect GDP growth of 4.2% this year, slowing to 3% next year. Uncertainty is heightened by the war in Ukraine. Inflation rose sharply at the end of last year and is expected to remain at a relatively high level for most of this year; provided price pressures ease, it should approach 2% in 2024.
The rise in employment and the decline in unemployment will continue this year and, albeit at a slower pace, over the next two years. Demographic trends will amplify the impact of constraints related to labour availability.
Growth in external trade will slow this year and in the coming years due to a slowdown in the growth of trade in goods, also as a result of the war in Ukraine and related sanctions. These will lead to lower trade with Russia and, through our main trading partners, a slowdown in external demand growth. Trade in services is expected to exceed pre-crisis levels already this year and trade in travel only in the coming years.
The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia is an independent government office.
The Institute performs the following tasks:
- it monitors and analyses current trends and development in its economic, social and environmental dimensions;
- it monitors and analyses the achieving of the development objectives of the country;
- it prepares macroeconomic forecasts and other expert groundwork that serve as the basis for budgetary planning and formulating economic policy measures;
- it analyses productivity and competitiveness as the national productivity board;
- it carries out research work.