Slovenian Economic Mirror
Slovenian Economic Mirror
Slovenian Economic Mirror - August-September 2007
Contents
Current Economic Trends and Autumn Forecasts for 2007-2009 | The 5.8% GDP growth projected for 2007 to moderate to 4.6% in 2008; inflation also expected to ease off |
International Environment | Financial crisis in the USA increases the uncertainty of future economic trends |
Competitiveness | Improvement in manufacturing's cost competitiveness underpinned by strong growth of labour productivity |
Balance of Payments | Higher current account deficit based on growing deficits in the trade balance and factor incomes |
Trade in Services | Exceptional growth of the predominantly knowledge-based group of services |
Price Trends & Policy | Long-term inflation indicators rose in the summer |
Money Market - Household Savings | Household savings in banks and mutual funds continue to increase |
Money Market - Loans | Year-on-year growth of loans to domestic non-banking sectors exceeded 30% |
Labour Market | Favourable trends in the labour market continue despite seasonal impacts |
Earnings | Nominal growth of gross wages largely caused by the wage rise in the public sector |
Manufacturing | In the second quarter particularly technologically advanced industries retained the high growth rates from the first quarter |
Construction | First signs of softening in construction activity in June and July |
Indicators of Private Consumption and Household Indebtedness | Short-term consumption indicators suggest slightly higher private consumption this year |
Distributive Trades | The growth of value added remained strong in the second quarter |
Tourism | High growth rates of overnight stays from the second quarter did not continue in the summer season |
Selected topics | |
Regional Unemployment | Regional disparities widened despite the decrease in unemployment; structural unemployment remains a problem |
Slovenian Enterprises in 2006 | Entrepreneurial activity rose further in 2006; construction and business services stand out in expansion |
Data, Main Indicators, International Comparisons, Graphs |