Slovenian Economic Mirror
Slovenian Economic Mirror
Slovenian Economic Mirror - August-September 2008
Contents
Autumn Forecast of Economic Trends, 2008–2010 | Economic growth at 4.8% in 2008, a slowdown to 3.1% next year; following 5.3% inflation in 2008, a decline to 3.9% next year |
Gross Domestic Product | Moderation of economic growth at a relatively high level in the first six months of the year; exports and investment remain the main drivers of growth |
International Environment | Further deterioration of the outlook for economic growth in the euro area |
Competitiveness | Stronger deterioration in price and cost competitiveness in the first half of the year |
Balance of Payments | The current account deficit is widening |
Price Trends & Policy | Inflation declined in both Slovenia and the euro area, given the slowdown in oil prices on global markets |
Money Market – Household Savings | Smaller volume of household deposits in banks in July |
Money Market – Loans | Lending activity continues to slow |
Labour Market | Despite seasonal swings, labour market trends still favourable in summer |
Earnings | 0.6% July wage growth in the private sector and 0.5% in the public sector |
Manufacturing | A decline in production activity and in the number of employees recorded in July |
Construction | Activity moderated, but is still much stronger than last year |
Private Consumption & Household Indebtedness | After a long period of relatively strong growth in consumption of durable goods, first signs of moderation observed in the summer months |
Distributive Trade | Distributive trades again recorded strong value added growth |
Tourism | Growth in the number of tourist overnight stays moderated notably in the second quarter |
Data, Main Indicators, International Comparisons, Graphs |