Macro - Country Economic Forecasts - Slovenia
We now forecast Slovenia’s GDP growth at 6.3% this year, up from 3.7% previously thanks to a stellar performance at end-2021. GDP rose 5.4% q/q in Q4, the second highest on record, driven by government consumption and net trade, leaving the economy 6.6% larger than prior to the pandemic. But we expect growth to slow in the near term, with inflation peaking higher and staying elevated for longer, due to Russia's invasion of Ukraine.
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