Central Bank Projects 1.8% Contraction for 2012

02. 10. 2012

Central Bank Projects 1.8% Contraction for 2012


The Slovenian economy is expected to contract by 1.8% this year and a further 0.7% in 2013 before rebounding, the central bank forecast on Monday. This is a significant downgrade from its spring projections, when it forecast that the economy will shrink by 1.2% this year and return to growth in 2013.

 

Forecasting is very ungrateful in this period of uncertainty; it is unclear how the world economy will change and the domestic situation is just as uncertain, Banka Slovenije Governor Marko Kranjec told the press.

 

 

 

Source: The Slovenia Times

Central Bank Projects 1.8% Contraction for 2012