Slovenian Economic Mirror

In the last month international institutions again lowered slightly their forecasts for this year’s economic growth in the euro area. This year uncertainties in the international environment have not yet significantly affected the Slovenian economy. Business expectations are however declining. Given the expected developments in main trading partners in the euro area and deteriorating business expectations regarding production volume and export demand, growth in exports and manufacturing is expected to ease off in the remainder of the year. Activity in sectors that are largely dependent on domestic demand continued to increase at the beginning of the year.