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The economy: growth remains high

According to the latest figures of The Institute of Macroeconomic Analysis and Development of the Republic of Slovenia (IMAD), the Slovenian economy has grown by 3.2 percent on a year-to-year basis in the first quarter. Growth was driven both by domestic consumption as well as by exports. Export growth was relatively high, following a slowdown in the second half of last year. Domestic consumption is to a large degree related to a continuing positive development of the labor market. The unemployment rate dropped below 5 percent in the first months of 2019. Inflation rate remains low, just below 1 percent. The IMAD's figures, published in early June, also point out the growth of construction investment as standing out.


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