Economic growth forecast for 2023 halved, upgrade this year

Ljubljana – The Institute of Macroeconomic Analysis and Development (IMAD) has upgraded its growth forecast for the Slovenian economy for this year by 0.8 percentage points to 5% despite the energy crisis. However, it corrected significantly downwards the outlook for 2023, halving it from 3% in spring forecast to 1.4%. The improvement expected this year is mainly due to favourable trends in the first half of the year and stronger-than-expected growth in consumption, IMAD director Maja Bednaš told reporters on Thursday after the autumn forecast was reviewed by the government….

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