Republic of Slovenia: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2003
Issue 108
Publication date: April 2003
ISBN: 9781451835656
$20.00
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Topics covered in this book
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Business and Economics , Banks and Banking , Exports and Imports , Inflation , Public Finance , ISCR , CR , government , rate , indexation , deficit , inflation expectation , Slovene authorities , indexation mechanism , State budget balance , EU accession , tolar bill rate , inflation rate , debt ratio , privatization receipts , EU average , government debt , Inflation , Budget planning and preparation , Europe , Global
Summary
This 2003 Article IV Consultation highlights that economic growth in the Republic of Slovenia slowed during 2001–02 to about 3 percent, owing to a weak external environment and subdued domestic demand. Export growth slowed as demand from the European Union weakened, but the impact was cushioned by a rapid expansion of exports to southeastern Europe and Russia. With imports growing more slowly than exports and the terms of trade improving, the external current account swung into surplus in 2001 and strengthened further in 2002, reflecting a satisfactory competitive position.
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