Business News

Delo Poll: Outlook on the Economy Perks Up

Ljubljana, 02 August (STA) - Economic expectations in Slovenia remain pessimistic, but the economic outlook index calculated by daily Delo rose one point over the month before to 36, three points below its January peak, suggests the latest poll, released on Monday.

The index is created on the basis of three questions relating to the quality of life in general, outlook for the economic situation in Slovenia and household spending this year.

It ranges from 0 to 100, with figures below 50 indicating pessimism. Since the survey started in July 2009 it reached a high of 39 and a low of 33.

Nearly a half of the respondents in the July poll said their quality of life was the same as before the crisis, whereas over 40% said it was worse and 7.3% said it was much worse than before.

Only 1.5% have higher quality of life and 1.1% much higher quality of life than before the crisis escalated.

The outlook for the economy this year remains drab, as 89.8% believe the situation will deteriorate or stay the same while only 10.2% expect an improvement.

The outlook for household spending inched up, with over 40% saying they will spend the same as last year; 37.6% plan to spend less and 12.9% much less than last year.

The poll was conducted by Delo's in-house Delo Stik agency between 26 and 29 July.

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