Current economic trends from 26 to 30 September 2022: real estate, turnover in market services, turnover in trade and consumer prices
Prices of dwellings, especially existing ones, continued to rise in the second quarter, while the number of transactions declined. Real turnover in market services declined in July after five months of growth. In most trade sectors, real turnover, which had stagnated in the...
Development Report 2022: rapid recovery of the Slovenian economy; further measures are needed to reduce the development gap with the EU average by accelerating the transformation to a highly productive low-carbon circular economy
Slovenia’s economy saw a quick rebound in 2021 with the help of massive government measures that kept the material and...
Current economic trends from 19 to 23 September 2022: average nominal gross wage per employee, Slovenian industrial producer prices, economic sentiment and value of fiscally verified invoices
In the face of high inflation, the average gross wage fell year-on-year again in real terms in July. The decline was...
Current economic trends from 12 to 16 September 2022: current account of the balance of payments, activity in construction, number of persons in employment and electricity consumption
The current account of the balance of payments showed a deficit in the first seven months. According to data on the...
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
GDP and prices
Given the high growth in the first half of the year and a more marked slowdown towards the end of 2022, we forecast GDP growth of 5.0%. The situation will remain tight in the first half of next year. After a recovery in the second half of the year, GDP will increase by 1.4% in 2023. Inflation is expected to remain close to 10% until the end of this year before gradually moderating by the end of next year, averaging 6% in the year as a whole.
International trade
Due to the aggravation of the energy crisis and the weakening of foreign demand, we expect a sharper slowdown in the growth of trade in goods this year and even more so next year. Trade in services is expected to exceed pre-crisis levels this year, while trade in travel will only do so in the coming years.
IMAD
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.