12.03.2024 / Erste Group Research |
Growth momentum picking up in 2024 Growth accelerated to 2.2% y/y going into the last quarter of 2023, supported by the more favorable private consumption footprint, strong investment activity and positive net export contribution. On a full-year scale, the economy expanded 1.6%. Looking into this year, we expect to see further improvement on the private consumption side, while investments should maintain a vivid pace. The net export contribution should shrink, as the anticipated gradual external demand recovery couples with a pick-up in import activity. Inflation kept a downward trajectory in recent months, where lower energy prices and moderated food price pressures resulted in inflation moving towards 3%. Going forward, we expect CPI to keep moderating, as energy prices should continue to display a deflationary tone. While 2023 is seen bringing the post-pandemic consolidation process to a halt amid higher flood-related expenditures, this year should bring a narrowing of the budget gap, albeit still revealing overall a more accommodative fiscal stance ahead. |
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Autor | Erste Group Research |
Datum | 12.03.2024 |
Jazyk | |
Název produktu | CEE Country Macro Outlook |
Hlavní téma | Makro/Úrokové sazby, Směnné kurzy/FX |
Zaostřeno na ekonomiku | Slovinsko |
Zaměřeno na měnu | Euro |
Zaměřeno na sektor | - |
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