Slovenian construction industry surpasses previous peaks with strong growth in 2023
The Slovenian construction industry surged to unprecedented heights in 2023, surpassing previous records set during the peak years of 2007 ...
UniCredit, an Italian financial group, anticipates Slovenia's economy to grow by 1.9% in 2024, following an estimated 1.3% expansion in 2023.
The growth is expected to be driven by a recovery in private consumption, a substantial increase in government consumption, and inventory build-up.
In 2022, Slovenia experienced a real economic growth of 2.5%. UniCredit's forecast indicates that economic growth in Slovenia is expected to reach 2.3% in 2025, propelled by increased consumption, rising investment, and a slightly positive contribution from net exports. The financial group expects disinflation to persist in 2024, slowing to 3.4% by the end of the year and further decreasing to 2.5% by the end of 2025. The fiscal deficit is predicted to remain above 3% of GDP in 2024 before narrowing to 2% of GDP in 2025. UniCredit estimates Slovenia's funding needs to be 5.3 billion euros in 2024, with repayments covered mostly through bond issuance and, in part, with fiscal reserves.
Source: https://seenews.com/news/unicredit-expects-slovenias-economy-to-expand-19-in-2024-845969