Slovenia could see a GDP growth of 4.7 percent this year, according to the revised estimate released by the European Commission in its spring economic forecast on Thursday.
This is slightly worse than last month’s estimate from the government’s Office for Macroeconomic Analysis (UMAR) regarding economic activity growth this year, but somewhat better than the European Commission’s autumn forecast of 4.2 percent growth this year and 3.5 percent in 2019, and still above the average growth in the eurozone.
>>>RBA Analysts: Slowed Economic Growth, Tourism Thrives, Industry Declines
After achieving balanced public finance revenues and expenditures last year, according to Brussels statisticians, Slovenia is projected to have a public finance surplus of 0.5 percent this year.
On the other hand, the European Commission warns in its spring analyses and estimates of a deterioration in the structural fiscal position, which is why the structural deficit is expected to be 1.1 percent of national GDP this year, rising to 1.5 percent next year, more than previously anticipated.
>>>Plenković: General Government Surplus Confirms the Government’s Decisive Policy
Some domestic economists warn that Slovenia’s good economic results in recent years rely primarily on the conjuncture in the main European market and external demand, rather than domestic consumption, and that the government should have better utilized the period of conjuncture for structural reforms and attracting foreign investments through changes in legislation and the business environment.
