Slovenia’s economy has slowed down in the last quarter of 2019 due to growing uncertainty in the international community.
According to the Slovenian government’s Institute of Macroeconomic Analysis and Development (IMAD), GDP growth has eased to 0.4 percent in the last quarter. The total annual growth was 2.4 percent, which is “considerably less” than in 2018 (4.1%). The lower growth is a result of the slowing down of exports and investments. Household consumption has remained strong, while has still grown by only 0.4 percent since the last quarter. It is too early to predict the effects of the coronavirus on the Slovenian economy. According to Bloomberg’s worst-case scenario published in early March the contraction of Slovenia’s economy could reach five percent, with global growth falling to zero.