Good news for business in Slovenia! Economic activity in Slovenia will certainly depend on the epidemiological situation in the long run, but according to UMAR forecasts, the fall in GDP will not be as deep as initially expected. Recovery is also planned for trading partners!
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Agreement on a financial package for the recovery of the European economy
The Office of the Republic of Slovenia for Macroeconomic Analysis and Development (UMAR) predicts a 6.7% drop in GDP in the autumn forecast. Since the last UMAR forecast, the forecasts for the country’s most important trading partners have even improved. The economic activity of the country is better than expected under the circumstances, thanks to an agreement on a financial package for the recovery of the European economy at EU level.
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The recovery of economic activity of EU members will be gradual
In the second half of the year, the projection is that the economic activity will increase. However, economic activity in the presence of the virus and the maintenance of certain restrictive measures will be gradual and differentiated by individual activities. The forecast shows a larger growth mainly for countries with a higher share of industrial activity!
In 2022, economic activity will be at pre-epidemic levels!
A 6.7 percent drop this year will be followed by a two-year recovery. This means that economic activity will reach pre-epidemiological levels in 2022.
In that time, the most affected sectors (catering, hotels and accommodation, sports and cultural events) should experience an increase in economic activity, if the epidemiological forecast will remain favorable.
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Take advantage of the favorable indicators for economic activity and start a business in Slovenia now! Contact DATA for full support!
If you have additional questions about information technology services as a business activity in Slovenia, do not hesitate to contact DATA d.o.o. for support! Send us an email to [email protected] You can also call us on +386 1 6006 270, Viber/Whatsapp +386 40 530 718 or skype data.business7.