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Slovenia Remains in Recession
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According to estimations, the recession in Slovenia will sharpen this year. A turnaround is expected in 2013. The banking sector is an enormous burden for the Souteastern European country.

For Slovenia, the boom phase is over. With EU accession in 2004 and adoption of the euro in 2007, Slovenia’s economic development was extraordinary in the period 2000-2007, with average real GDP growth of 4.36% per year. Austrian RCB (Raiffeisen Centrobank) says. The economy saw a surge in construction before the crisis, and the banking sector (held in large part by the government)…
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