The European Bank for Reconstruction and Development (EBRD) upgraded by 1.5 percentage points its GDP growth forecast for Slovenia in 2021 to 5%.
The institution expects that Slovenia’s economy will expand by a further 4% next year. The bank said that the key factors of the Covid-related contraction were private consumption and investments, which were down 9.7% and 4.1%, respectively. Slovenia, as a small and open economy strongly integrated in global value chains, also felt shocks in international trade, although exports of goods started recovering by the end of last year, it added.
