Current economic trend from 17 to 21 February 2020: labour market and wages
Last year’s employment growth mainly reflected the increased hiring of foreign workers, while higher wage growth arose largely from wage rises in the public sector.
Current economic trends from 10 to 14 February 2020: production volume in manufacturing, construction, current account of the balance of payments
Growth in manufacturing production was low last year amid weak growth in foreign demand. Modest growth was also recorded...
Economic Mirror: In Slovenia, moderate economic activity continued towards the end of last year; internationally, economic sentiment indicators indicate improvement
At the end of last year, moderate economic activity in Slovenia continued, while confidence started to improve....
Current economic trends from 3 to 7 February 2020: consumer prices, exports and imports of goods
External trade movements slowed further in the last quarter of 2019. Particularly trade in intermediate goods eased last...
Economic growth in 2019 and in 2020 will be lower than in the previous three years. Growth in domestic consumption will remain relatively strong, but the contribution of exports will be lower. Inflation will rise moderately.
Employment will continue to rise, albeit more and more slowly due to the contraction in the number of working-age people, lower and lower unemployment and more moderate growth in economic activity. Wage growth will strengthen.
Economic growth in Slovenia’s trading partners will be lower than in previous years. Export growth will therefore be slowing, except this year when it is being strongly driven by increased re-exports of pharmaceutical products and oil. The current account surplus will decline somewhat relative to GDP.
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.