Slovenia: Economy to Shrink Despite of Austerity Measures

Politics ♦ Published: July 26, 2013; 17:04 ♦ (Vindobona)

Slovenian economy expected to contract 2.2 percent in 2013. Prior forecast: -1.9 percent.

Slovenia: Economy to Shrink Despite of Austerity Measures / Picture: © Vindobona.org

It does not come as a full surprise that experts forecast the country’s economic output to shrink even more than expected. The reasons are the ongoing fiscal adjustments and structural reforms along with a weak economic performance in the rest of the Eurozone. Therefore bailout costs for banks are likely to increase.

Despite of the current unfavorable situation there are still…

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