Slovenian Economy to Shrink “Only” 2 Percent

Politics ♦ Published: January 22, 2014; 10:20 ♦ (Vindobona)

According to the ERBD’s (European Bank for Reconstruction and Development) revision, Slovenia’s economy will shrink “only” 2 percent up from a 2.5 contraction of GDP which was forecast in November.

Slovenian Economy to Shrink “Only” 2 Percent / Picture: © Vindobona.org

Slovenia will be the only country in recession this year in this region, according to the report issued on Tuesday by the ERBD. In regard to the recent recapitalization measures of the country’s state-controlled banks, the ERBD pointed out that "adjustments in the banking sector will likely continue to weigh on private sector". The key reason for the recession to continue this year is…

or Log In

Fast News Search
Related News
S&P Optimistic About Slovenia (January 17, 2014)
IMF and EBRD Deeply Concerned Over CESEE (January 14, 2014)
Nowotny Sees Growth Potential in Eurozone and CEE (January 14, 2014)
Slovenia: 2014 Credit Line of € 7.7bn (January 10, 2014)
Slovenia: Growth through Diplomatic Network (January 9, 2014)
Read More
Slovenia, Economic Growth, GDP Gross Domestic Product, Consumption, Purchasing Power, S & P, Ratings, Fiscal Policy, EBRD, Banking Industry, NLB Nova Ljubljanska Banka, NKBM, Abanka Vipa, Lending, NPL Non Performing Loans
Featured
See latest Vindobona Newsletter