Slovenia: Economic Outlook Deteriorates

Politics ♦ Published: September 26, 2013; 14:30 ♦ (Vindobona)

Slovenia has slipped back into recession as its real GDP declined by 2.3 % in 2012.

Slovenia: Economic Outlook Deteriorates / Picture: ©

The recession and the associated credit crunch have created a very difficult situation for most SMEs. Financial instruments of the Slovenian Enterprise Fund and of SID bank have worked well but, as the banking system remains fragile and lending constrained, further measures might be needed for lending to SMEs to resume.

In this weak macroeconomic context with falling export…