Slovenian Economic Mirror

Year-on-year GDP growth in the first three quarters was 2.7%, which is a significant slowdown relative to last year and close to IMAD’s autumn forecast for 2019 as a whole (2.8%). Data on GDP growth in the third quarter otherwise show a faster-than-expected moderation of investment growth in particular. The slowdown in export growth is in line with expectations, while it is encouraging that growth in private consumption is on the rise. If there are no major negative surprises from the international environment, where uncertainty remains heightened, this year’s GDP growth will be close to that projected in our Autumn Forecast of Economic Trends 2019.