Slovenia: Recession Goes On

BusinessEconomy ♦ Published: September 2, 2013; 06:33 ♦ (Vindobona)

In the second quarter, Slovenia´s GDP was down by 1.7% year on year. This year, Slovenia´s GDP will fall by 3.0%, economists say.

Slovenia: Recession Goes On / Picture: ©

Compared to the reference period of 2012, the economic growth reached -1.7% in the second quarter. In the first six months of 2013, Slovenia´s GDP contracted by 3.2%.

Slovenia´s weak point is still the shrinking domestic demand. From April to June, domestic demand was down by 2.0% year on year. The decrease decelerates, however. In the first quarter, the annual change was…