Slovenian Economic Mirror
Slovenian Economic Mirror
Slovenian Economic Mirror - January 2008
Contents
| In the Spotlight | The appreciable drop in unemployment in 2007 did not exert any upward pressures on wages that would result in additional inflation growth |
| International Environment | The first IMF forecasts for this year project a greater slowdown in economic growth in the EMU and USA than expected in the autumn |
| Balance of Payments | The widening in the current account deficit in the first eleven months of 2007 largely caused by increases in the trade deficit and deficit in factor incomes |
| Price Trends & Policy | Food and oil prices were the main contributors to last year’s high inflation |
| Money Market – Household Savings | The November drop in household bank savings linked to the privatisation of a state-owned bank |
| Money Market – Loans | Household borrowing picked up considerably in November |
| Stock Exchange | In 2007 the SBI20 index posted the highest growth in ten years; prospects for 2008 are less promising |
| General Government Revenue | Tax reform slowed down the real growth of general government revenue in 2007 |
| Labour Market | Employment growth eased off seasonally in November |
| Earnings | A high November increase in earnings due to special year-end payments |
| Manufacturing | Lower growth of production and employment in November |
| Transport | Road freight transport resumed vigorous growth in the third quarter of 2007 |
| Energy Sector | Net electricity imports increased in 2007 |
Selected topics | |
| Scholarships in Tertiary Education | The number of sponsorship recipients declined from 2005 to 2006 |
| Milk and Dairy Products | The large increase in the final prices of milk and dairy products may reflect the low efficiency of the Slovenian dairy industry |
| Disposable Income of Households and NPISH according to Non-financial Sector Accounts, 2000–2006 | The average disposable income of Slovenian residents in 2006 equalled 62.2% of the average disposable income of EU residents |
| Human Development Index – HDI | The Slovenian HDI increased last year due to higher life expectancy and GDP per capita; Slovenia kept the 27th place among 177 countries |
| Data, Main Indicators, International Comparisons, Graphs | |