Slovenia’s Economic Outlook to Deteriorate Further

People ♦ Published: June 21, 2013; 17:35 ♦ (Vindobona)

The Institute for Macroeconomic Analysis and Development expects GDP in Slovenia to shrink more than projected earlier.

Slovenia’s Economic Outlook to Deteriorate Further / Picture: © Vindobona.org

Because of the ongoing recession in Europe and decreasing demands at the domestic market, Slovenia’s economic outlook will further deteriorate this year and the next, the states economic institute announced.

GDP is expected to shrink 2.4 percent in 2013 compared with the previous estiate of 1.9 percent in March, the Ljubljana-based Institute for Macroeconomic Analysis and…

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