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Fitch confirms Slovenia’s credit rating

Yesterday, Fitch affirmed Slovenia's credit rating at A with a stable outlook.

Fitch recognises Slovenia's economic and financial stability and institutional strength, which are underpinned by its membership of the European Union and the euro area. Fitch forecasts 5.5 % economic growth for Slovenia this year, which will be slightly lower next year at 1.3 % due to the impact of the energy crisis. At 3.6 % of gross domestic product, Slovenia's general government deficit is expected to be slightly lower this year than last year, thus remaining well below the euro area average. As for Slovenia's government debt, the Agency estimates that it will fall to 68.6 % of gross domestic product in 2024.