Ljubljana – Slovenia’s economy expanded at an annual nominal rate of 9.8% in the first quarter of this year driven by household spending and capital expenditure. The seasonally adjusted rate was 9.6%. At the quarterly level GDP was up by 0.8%, a significant slowdown compared to the 5.3% recorded in the previous quarter, the Statistics Office said on Monday. Domestic consumption increased by 16.6% year-on-year with household expenditure up by 20% as the main driver of growth. Gross fixed capital formation increased by 12.7%. Changes of inventories had a positive…
