Charts of the week from 30 January to 3 February 2023: natural gas consumption, number of registered unemployed, trade in goods and turnover in market services
In January, the decline in natural gas consumption was slightly higher than in the previous two months. On average, consumption from 1 August 2022 was 14% lower than the average of the last five years. According to the seasonally adjusted data, the number of unemployed fell in...
Charts of the week from 23 to 27 January 2023: economic sentiment, value of fiscally verified invoices, turnover in trade and average gross wage per employee
After improving for two months, the economic sentiment deteriorated in January. The year-on-year decline in confidence...
Charts of the week from 16 to 20 January 2023: natural gas consumption, Slovenian industrial producer prices and number of persons in employment
In the last months of last year, natural gas consumption was about 12% lower than in the same period of previous years...
Charts of the week from 9 to 13 January 2023: value of fiscally verified invoices, electricity consumption by consumption group, production volume in manufacturing and other charts
In the last few weeks, the nominal value of fiscally verified invoices has been around 10% higher than the comparable...
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.
Employment will continue to increase and unemployment will continue to fall until the end of this year. Next year we expect a significantly lower employment intensity, which is expected to accelerate in the second half of the year.
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.
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.