Paper calls for structural reforms for Slovenia to adapt to new economy
Slovenia's economic growth, which is forecast to rise above the eurozone average almost double this year, may sound delightful, says the paper, but warns against complacency.
While it is clear from economic indicators that Slovenia has beaten the crisis, it is less clear that the economy underwent an extensive restructuring in the past eight years.
"The economy has changed at a faster pace than it would have without the crisis, and some changes are (or will be) here to stay. Among them is the fact that the share of manufacturing in GDP is decreasing, while the share of services is growing."
This change sets a challenge for Slovenia to undertake real structural reforms. "There is no need for a special revolution, but we should decide to work faster than other countries that also count on the new cycle of economic momentum."
If Slovenia really wants to integrate with the most developed and rise above the EU average, it should start off with three obvious things, the commentator goes on.
The country should improve its business environment, invest wisely into education of young people and into training of the unemployed, and find models that will ensure work for the elderly.