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Slovenia: Growth Forecast Cut Again
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The World Bank predicts a longer recession in Slovenia. The Slovenian economy will not leave the recession behind before 2015.
Slovenia: Growth Forecast Cut Again / Picture: © Vindobona.org
According to the World Bank, Slovenia´s GDP will fall by 1.0% next year. Compared to the previous forecast, this is again a substantial deterioration. In June, the World Bank has anticipated a GDP contraction of 0.1%. As a result, Slovenia will be the only CESEE country which is expected to stay in recession next year.
The underlying reason behind Slovenias´s long-term…
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