The EBRD says in the report, published on its web site, that Slovenia's growth will moderate slightly in the short term after a major economic expansion in the past few years. In 2018, the economy grew by an estimated 4.5%, following 4.9% growth in 2017.

"Growth was broad-based, with investment being the largest contributor in both years. Investment grew by more than 10% in 2018, following a similar growth rate in 2017.

"Meanwhile, unemployment has dropped to a long-time minimum of 4.4% in December 2018, while the employment rate is on the rise, and stood at 56%. Combined with 3-4% earnings growth in both 2017 and 2018, the strong labour market contributes to rising private consumption."

The EBRD also notes that exports continued their strong performance, and grew by more than 7% in 2018, helping net exports contribute positively to growth, despite domestic demand expansion.

The bank assessed Slovenia's fiscal performance as solid. "The government is estimated to have reached an overall surplus in 2018 of 0.8% of GDP, driving down general government debt to about 70% of GDP as of end-2018, more than 10 percentage points lower compared to the post-crisis peak of 83% in 2015."

The latest GDP growth forecasts indicate Slovenia's economy will expand at around 3.4% this year and roughly 3% in 2020. The European Commission has also kept its forecast for Slovenia unchanged at 3.1% for this year and 2.8% for 2020 in its spring forecast.