Spring Forecast of Economic Trends 2021: Economic activity expected to start recovering in the second quarter; acceleration of recovery in the second half of the year
After last year’s sharp contraction of economic activity, we forecast 4.6% GDP growth for this year. Assuming an improvement in the epidemiological situation and a gradual increase in vaccination coverage, the recovery should start in the second quarter and accelerate in the...
Spring Forecast of Economic Trends 2021: Economic activity expected to start recovering in the second quarter; acceleration of recovery in the second half of the year
After last year’s sharp contraction of economic activity, we forecast 4.6% GDP growth for this year. Assuming an...
Current economic trends from 6 to 9 April 2021: fiscal verification of invoices, traffic of electronically tolled vehicles, electricity consumption, registered unemployment and other charts
The relatively favourable developments in the export-oriented part of the economy, which had reached pre-crisis levels...
Current economic trends from 29 March to 2 April 2021: electricity consumption, traffic of electronically tolled vehicles, registered unemployment, consumer prices and other charts
In the last year, companies have tried to adapt to the changed situation to the greatest extent possible. In comparison...
National productivity board
IMAD analyses productivity and competitiveness as the national productivity board
GDP and prices
After last year’s sharp decline, we forecast 4.6% GDP growth for this year and similar growth for next year. The recovery should strengthen only in the second half of the year. After last year’s deflation, inflation will gradually approach 2% again, assuming a moderate economic recovery.
Labour market
Following last year’s deterioration, labour market conditions are expected to improve gradually, but in the next years the average number of unemployed will remain higher than in 2019. We expect government measures continuing to mitigate the negative impact of the coronavirus crisis on the labour market, particularly in the first half of 2021, and being lifted only gradually.
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.