Ljubljana/Ljubno ob Savinji, 05 July (STA) - The Slovenian central bank has upgraded the outlook for the Slovenian economy for 2019. It predicts that GDP will expand by 4.6% this year, up from its winter forecast of 4.2%, with growth slowing to 3.6% next year and 3.4% in 2020.
The upgrade is based on projections that domestic as well as external demand will strengthen, with buoyant investments increasing the capacity of the export sector.
Growth will be increasingly based on domestic factors, as employment continues to rise and private investments remain strong, helped by an influx of EU funds.
Nevertheless, the risks are more significant than in December, according to Primož Dolenc, the temporary head of the central bank.
He told the press on Thursday that the uncertainties in the international environment were higher due to trade and geopolitical tensions, and the price of oil.