Markets by Region
| 2024/09/16 / Erste Group Research |
| Slovenia | Y24 GDP outlook taking a hit, with growth profile expected to strengthen in 2025-26 |
Y24 GDP outlook taking a hit, with growth profile expected to strengthen in 2025-26 GDP growth decelerated to 0.7% y/y in 2Q24. A detailed breakdown revealed support from both private and public consumption, while investments and net exports weighed on the headline figure. Looking ahead to 2H24, we see domestic demand as the main growth driver, with modest but improving performance expected in private consumption and investment. However, weak growth in Slovenia’s main trading partners is likely to dampen the export outlook. GDP is expected to increase by around 1.5% this year, followed by a strengthening growth profile in the 2025-26 period. We saw significant inflation moderation, with the latest CPI figure for August landing at 0.9% y/y. We expect inflation to remain at lower levels by year-end before gradually increasing above the 2% mark in 2025 due to the base effect and the expiration of temporary measures. The fiscal position is expected to remain stable, with consolidation resuming from 2025 onwards. On the financing side, the situation remains comfortable, with active YTD issuance covering around two-thirds of this year’s financing needs. |
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General information
| Author | Erste Group Research |
| Date | 2024/09/16 |
| Product type | monthly/ quarterly |
| Product name | CEE Country Macro Outlook |
| Topic in focus | FX, Macro/ Fixed income |
| Language |  |
| Market cap | - |
| Availability | All [1] |
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Analysis and Forecasting
| Date | Headline | Download | |
| 2024/10/04 | | NBR key rate unchanged at 6.50% |  |
| 2024/10/04 | | AT: WIFO and IHS expect recession in 2024 | |
| 2024/10/04 | | Week Ahead | |
| 2024/10/04 | | Another disappointing industrial output data | |
| 2024/10/04 |  | CZ Ranní restart | |