Slovenian Economic Mirror
Slovenian Economic Mirror
Slovenian Economic Mirror - August-September 2007
Contents
| Current Economic Trends and Autumn Forecasts for 2007-2009 | The 5.8% GDP growth projected for 2007 to moderate to 4.6% in 2008; inflation also expected to ease off |
| International Environment | Financial crisis in the USA increases the uncertainty of future economic trends |
| Competitiveness | Improvement in manufacturing's cost competitiveness underpinned by strong growth of labour productivity |
| Balance of Payments | Higher current account deficit based on growing deficits in the trade balance and factor incomes |
| Trade in Services | Exceptional growth of the predominantly knowledge-based group of services |
| Price Trends & Policy | Long-term inflation indicators rose in the summer |
| Money Market - Household Savings | Household savings in banks and mutual funds continue to increase |
| Money Market - Loans | Year-on-year growth of loans to domestic non-banking sectors exceeded 30% |
| Labour Market | Favourable trends in the labour market continue despite seasonal impacts |
| Earnings | Nominal growth of gross wages largely caused by the wage rise in the public sector |
| Manufacturing | In the second quarter particularly technologically advanced industries retained the high growth rates from the first quarter |
| Construction | First signs of softening in construction activity in June and July |
| Indicators of Private Consumption and Household Indebtedness | Short-term consumption indicators suggest slightly higher private consumption this year |
| Distributive Trades | The growth of value added remained strong in the second quarter |
| Tourism | High growth rates of overnight stays from the second quarter did not continue in the summer season |
| Selected topics | |
| Regional Unemployment | Regional disparities widened despite the decrease in unemployment; structural unemployment remains a problem |
| Slovenian Enterprises in 2006 | Entrepreneurial activity rose further in 2006; construction and business services stand out in expansion |
| Data, Main Indicators, International Comparisons, Graphs | |