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The European Commission has enhanced the economic growth forecast for Slovenia

In the spring forecast published today, the European Commission has enhanced the economic growth forecast for Slovenia. This year, it is expected to reach 1.2 per cent, and 2.2 per cent in 2024. The enhanced forecast is an encouraging signal; we are also pleased that currently there is no fear of a recession in Europe.

European Union flags are hanging on the poles and fluttering in the wind; in the background is one of the buildings of the European institutions.

The European Commission increased the economic forecast for Slovenia for both years by 0.2 percentage points compared to the winter forecast. Our country is thus expected to have higher economic growth than the European Union and the euro zone, for which the Commission has also enhanced the forecast.

The unemployment rate in Slovenia is expected to further decrease, namely to 3.9 per cent this year, and to 3.8 per cent in 2024. The downward trend is also observed in the public debt, expressed as a percentage of the gross domestic product, which, according to the Commission’s forecasts, is to decrease to 66.6 per cent of the gross domestic product in 2024. Similarly to our estimation in the 2023 Stability Programme, the Commission has evaluated that the general government deficit will fall below 3 per cent of the GDP next year.

This year, the inflation is expected to reach 7 per cent, and in 2024 it is expected to decrease to 3.8 per cent.