Autumn forecast 2021: economic outlook improved but uncertainty remains
The economic outlook has improved and we expect GDP growth of 6.1% this year. Mainly due to higher forecasts in the international environment, faster-than-expected activity growth, especially in the second quarter and the summer months, and the continued adjustment of businesses...
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 20 to 24 September 2021: Fiscal verification of invoices, economic sentiment, wages, Slovenian industrial producer prices and other
Uncertainty about the future development of the COVID-19 epidemic and the possible adoption of containment measures...
Current economic trends from 13 to 17 September 2021: electricity consumption by consumption group, construction, labour market and current account of the balance of payments
Some economic indicators point to a slowdown in growth during the summer months. Electricity consumption growth has...
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.