Economy forecast in Slovenia – better than expected?

Economy forecast in Slovenia - better than expected

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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