Slovenian Economic Mirror

Euro area GDP growth remained modest in the third quarter; in October the IMF lowered slightly its GDP growth forecasts for the euro area for this year. The growth of the export part of the economy has slowed, while the growth of activities oriented predominantly to the domestic market is similar to last year. Employment growth has also eased amid somewhat weaker economic growth and relatively low unemployment. Year-on-year consumer price growth, boosted largely by external factors, remains around 2%. The situation in the banking system is stable; loans to domestic non-banking sectors are steadily rising. After the favourable third quarter, the general government surplus was significantly higher year on year in the first nine months of 2018.