Current economic trends from 20 to 24 June: slovenian industrial producer prices, economic sentiment, real estate and wages
Year-on-year growth of Slovenian industrial producer prices continued to strengthen in May. Prices increased in all industrial groups, most strongly in the domestic market. This was impacted by geopolitical tensions, the tight situation in the market for energy and non-energy...
Current economic trends from 13 to 17 June 2022: labour market, construction, the balance of payments and other charts
The number of persons in employment continues to increase. Hiring of foreign workers contributed more than 50% to the...
Slovenian Economic Mirror 5/2022: Growth in domestic consumption remains high, while growth in the export-oriented part of the economy is weakening; very high uncertainty related to the war in Ukraine
Growth of domestic consumption remains high in Slovenia. The gradual easing of containment measures and the situation on...
Current economic trends from 6 to 10 June 2022: manufacturing, registered unemployment, traffic of electronically tolled vehicles and electricity consumption
Manufacturing production strengthened somewhat in April after growth slowed in the first quarter of this year. Given the...
After last year’s strong rebound, we expect GDP growth of 4.2% this year, slowing to 3% next year. Uncertainty is heightened by the war in Ukraine. Inflation rose sharply at the end of last year and is expected to remain at a relatively high level for most of this year; provided price pressures ease, it should approach 2% in 2024.
The rise in employment and the decline in unemployment will continue this year and, albeit at a slower pace, over the next two years. Demographic trends will amplify the impact of constraints related to labour availability.
Growth in external trade will slow this year and in the coming years due to a slowdown in the growth of trade in goods, also as a result of the war in Ukraine and related sanctions. These will lead to lower trade with Russia and, through our main trading partners, a slowdown in external demand growth. Trade in services is expected to exceed pre-crisis levels already this year and trade in travel only 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.