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IMF upgrades growth forecast for Slovenia

Washington, 12 October (STA) - The International Monetary Fund (IMF) has upgraded the forecast for the Slovenian economy. It projects the country's GDP will grow by 6.3% this year, up 2.4 percentage points from its spring forecast. The forecast for 2022 was however lifted by only 0.1 of a point, to 4.6%.

The end-year inflation rate is projected to stand at 1.4% (the national Statistics Office measured it at 2.4% in September) before accelerating to 1.8% next year.

Slovenia's unemployment rate is projected to decline from last year's 5% to 4.5% this year and 4.3% in 2022.

The current account balance is projected to narrow as well, from 7.4% this year to 6.4% in 2021 and 6.3% the year after.

Overall, the IMF says that the post-pandemic global recovery continues but is losing steam because of the continued spread of the Delta variant of coronavirus.

The uncertainty is further exacerbated by supply chain disruptions, which are driving inflation in many countries.

The IMF forecast is now almost exactly the same as the projection by the government's macroeconomic think-tank IMAD made a month earlier.

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