Slovenia's gross domestic product (GDP) is expected to shrink continuously by 1.9 percent in 2013, a senior official of a macroeconomic think-thank of the government said on Friday.
The forecast, the second consecutive contraction for the country's economy, was announced by Bostjan Vasle,Mobile crushing machine director of the Institute for Macroeconomic Analysis and Development (IMAD).
The worsening economic situation will further deteriorate the country's labour market.
number of unemployed could reach 123,500, up from 110,000 in 2012, and
even over 124,000 in 2014. The registered unemployment rate in 2013
could thus reach 13.4 percent, according to Vasle.
expects a slight increase in exports (1.2 percent) in 2013, but the
growth of Slovenian export will continue to lag behind rival exporters
from eastern Europe such as the Czech Republic,Clawfoot tubsSUV Accessories wholesalers Slovakia, Poland and Hungary.
attributed such backwardness to Slovenia's poor technological structure
in exports and strong orientation to European markets.
to IMAD, the Chamber of Commerce and Industry of Slovenia (CCIS), which
provides a full range of professional services to enterprises operating
in the country, has also predicted a 1.Antique faucets9-percent contraction of Slovenia's GDP in 2013.
continue to face poor business expectations, limited access to
financing, as well as very low investment activity and an ever lower
private consumption. At the same time there are no long-term strategies
or real solutions to exit the crisis," CCIS said in a press release.tyres and wheels service & repair equipment
believes that consumer purchasing power will continue to drop by 3.2
percent in 2013 and 1.7 percent in 2014. Exports are expected to
increase by 2.6 percent in 2013 and by 4.2 percent the next year.