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IMF upgrades its forecast for Slovenia's GDP growth

Ljubljana, 10 October (STA) - The International Monetary Fund (IMF) has upgraded its GDP growth projection for Slovenia for this year from 3% to 4% in its latest autumn forecast. Next year, the economic growth is expected to slow down to 2.5%.

According to its latest World Economic Outlook report, the IMF anticipates a 6.8% unemployment rate for Slovenia this year and a 6.4% in 2018.

Inflation is to reach 1.6% this year and 1.8% in 2018, while the current account surplus of 5% is expected this year and 4.9% next year.

Economic activity has continued to rise around the world, the IMF finds in the report. Globally, the economic expansion of 3.6% is expected this year and 3.7% the next.

The eurozone's economies are expected to grow by 2.1% this year and by 1.9% in 2018, while a 2.3% growth is forecast for the EU this year and a 2.1% next year.

The IMF recommends that countries use these positive trends to tackle the key political challenges of increasing production and profit distribution.

Countries should also strengthen their foundations ahead of any possible future crises, according to the IMF.

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