C-bank says war in Ukraine, sanctions worsen economic outlook

Ljubljana – Banka Slovenije has assessed that, after favourable economic activity continued in the eurozone and in Slovenia in the first quarter of the year, Russia’s military aggression against Ukraine and the subsequent sanctions have worsened the economic outlook. Risks of prolonged periods of high inflation have increased markedly, it said. After last year’s high economic growth of 8.1%, favourable economic trends continued in Slovenia at the beginning of this year, the central bank noted on Tuesday. The short-term model estimates of Banka Slovenije thus show a 1% quarterly growth…

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