Current economic trends from 4 to 8 October 2021: fiscal verification of invoices, traffic of electronically tolled vehicles on Slovenian motorways, electricity consumption, registered unemployment and other
In September, high-frequency short-term indicators for several activities pointed to continued growth, although uncertainty remains high. According to data on fiscal verification of invoices, total turnover in the second half of September was higher than in the same period before...
European Pillar of Social Rights: Slovenia ranks high among EU Member States on most headline indicators
The European Pillar of Social Rights (EPSR) was proclaimed in 2017 by the European Parliament, the Council and the...
Current economic trends from 27 September to 1 October 2021: consumer prices, trade, market services and bond
Year-on-year consumer price inflation edged up slightly to 2.4% in September. Inflation continues to be fuelled mainly...
After last year’s sharp decline, we expect GDP growth of 6.1% this year, moderating to 4.7% next year. After last year’s deflation, inflation will gradually approach 2%, assuming a moderate economic recovery. We expect higher non-energy commodity prices to be reflected in the final prices over a longer period of time.
As the economy is recovering, labour market conditions are improving, and the negative impact of the coronavirus crisis continues to be mitigated this year by government measures. In the coming years, limitations due to labour shortage will become an even more pressing problem.
As foreign demand gradually recovers, growth in international trade will be high this year, moderating over the next few years. Trade in services, especially travel, will not recover more significantly until 2022.
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.