Slovenia's economic growth gathers pace in Q2
Slovenia's economic growth accelerated in the second quarter of the year. Gross domestic product expanded by 1.4% in real terms on the year before, after having grown by 0.8% in the first quarter, the Statistics Office said in a preliminary release on 16 August. Quarterly growth was at 1.4%.
The Bank of Slovenia expects export orders to continue declining. Coupled with tighter financing conditions, this will weigh down on industry.
What is more, the flood and its aftermath are likely to have a negative impact on certain segments of the economy.
IMAD likewise said the floods will affect economic activity, whereby other uncertainties remain.
"These uncertainties are connected with inflationary trends and the impact of tighter monetary policy on economic activity. Uncertainty connected to the impact of energy prices on the output of energy intensive industries remains elevated as well," IMAD director Alenka Kajzer was quoted as saying.