Slovenian Economic Mirror

Economic growth in the euro area continued in the third quarter of 2016; moderate economic growth is also expected for the last quarter of the year. During the summer months positive developments also continued in Slovenia; the prospects for the last quarter are also favourable.

The prospects for economic growth in the euro area remain favourable; the risks are on the downside and arise mainly from outside the euro area. Most short-term indicators of economic activity in Slovenia increased further at the beginning of the third quarter.

Short-term indicators of economic activity and confidence indicate that GDP growth in the euro area continued in the second quarter but is expected to be lower than in previous quarters. The United Kingdom’s referendum decision to leave the EU brings a great deal of uncertainties about the economic and political situation in Europe. In Slovenia, at the beginning of the second quarter, most…

In the first quarter, economic growth in the euro area strengthened to 0.6% (seasonally adjusted) and GDP was up 1.7% year-on-year. GDP growth in Slovenia also continued in the first quarter owing to a notable strengthening of exports. The labour market situation continues to improve. In the first quarter the number of employed persons rose slightly again.

GDP growth in the euro area continued at the beginning of the year. Activity increased further in most sectors in Slovenia at the beginning of the year. The labour market situation continues to improve. Owing to good business performance, average gross earnings per employee in the private sector rose significantly in the last four months. Export competitiveness improved further.

At the beginning of the year, short-term indicators of economic activity in the euro area continued to improve; the values of confidence indicators remained relatively high despite deterioration. In Slovenia, most short-term indicators of economic activity improved further at the beginning of the year.

The EC and IMF predict a continuation of economic growth in Slovenia’s main trading partners in 2016, but point to increased risks particularly with regard to developments in emerging economies. Most short-term indicators of economic activity in Slovenia remained at the achieved levels towards the end of 2015. Towards the end of the year, the number of employed persons continued to grow; in…

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