Slovenian economy assailed by austerity and money markets
Slovenia's GDP fell 2.2% last year following an austerity-induced drop in domestic consumption (down 6%) and investment, according to the Bank of Slovenia's annual report, published this week.
A more significant drop in GDP was prevented by the positive contribution of net exports, driven primarily by a sharp decrease in imports, according to the report. A current account surplus of 2.3% of GDP was largely a result of the narrowing of the merchandise trade deficit.
Average annual inflation in
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