Economy forecast for Slovenia in 2020 according to the International Monetary Fund (IMF) is rosier than before! In 2021, the IMF predicts even growth, albeit smaller than before!
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The forecast for a slight fall in GDP for Slovenia in 2020 is hard to expect!
According to the IMF, Slovenia’s GDP will not shrink by a full 8%, but “only” by 6.7%. This is certainly good news, especially at a time when we are expecting a new avalanche of action.
GDP and economy forecast in Slovenia by 2025
The economy forecast for 2021 is worse, but it still forecasts a recovery. GDP growth expects to be 5.2% in the coming year, which is 2% worse than previously forecasted. At the end of the year, average inflation expects to slow to 0.5%, representing a fall from 1.6% of price growth in 2019. It expects to rebound to 1.8% in 2021.
Unemployment expects to climb to 8% this year. In 2021 it is expected to be 6.0%. In order to put this forecast into context, we need to make a comparison – unemployment in 2019, for example, was “only” 4.6%.
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GDP and economy forecast for our neighbors and export partners in 2020 or 2021
Germany forecasts to have a smaller-than-expected GDP fall in 2020 and a deterioration in expected growth in 2021. The worse this year will be the decline in GDP for Italy, and better, 5.2% growth expected next year. The worsening expected, almost 10%, is forecast for France. Hungary expects to feel a worse-than-expected fall in GDP. For Croatia, the IMF expects a 9% fall in GDP. In the next year, however, they expect to see 6% growth.
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And the prediction for “the whole world”?
Globally, the fall in global GDP will reach 4.4% in 2020. Economic forecast is better than in spring, when the GDP fall estimate at 5.2%. Global damage estimates at $28 trillion by 2025 and 11 trillion in 2020-2021.
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