Current Account in Slovenia
Slovenia - Current AccountAnnual growth remained at one of the highest levels in the Euro area in Q1, but largely due to a base effect. Quarter-on-quarter growth slowed due to a contraction in the export sector, which continues to be hampered by supply shocks. Turning to Q2, activity is set to weaken further. Harmonized inflation rose to the highest level since 2002 in April, stoked by the impact of the war in Ukraine on commodity prices and supply chains. This fed in to lower business and consumer confidence in Q2 so far compared to Q4, potentially depressing investment and private spending. In politics, on 14 May the Freedom Movement penned an agreement with other left-wing parties to form a coalition government, boding well for political stability. Key policy proposals include improving relations with the EU and providing handouts to households and firms to alleviate the cost of living crisis.
Slovenia - Current Account Data
|Current Account (% of GDP)||3.8||4.8||6.3||6.1||6.6|
5 years of economic forecasts for more than 30 economic indicators.
Slovenia Current Account Chart
Source: Slovenia Central Bank and FocusEconomics calculations.
|Bond Yield||0.30||-0.79 %||Dec 31|
|Exchange Rate||1.12||0.65 %||Dec 31|
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August 16, 2022
Activity softened in the second quarter, with GDP expanding 8.2% year on year (Q1: +9.6 yoy).
August 10, 2022
Industrial output grew 0.7% compared to the same month a year earlier in June, which was a deterioration from May's 2.9% increase.
July 29, 2022
Consumer prices increased 0.96% from the previous month in July, coming in below the 2.74% increase logged in June.
July 11, 2022
Industrial output grew 3.0% compared to the same month of the previous year in May, which was above April's 1.9% increase.
June 30, 2022
Consumer prices increased 2.74% in June over the previous month, picking up from the 2.03% rise logged in May. Inflation came in at 10.4% in June, which was up from May’s 8.1%.