Research Detail
| 2024/03/12 / 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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General information
| Author | Erste Group Research |
| Date | 2024/03/12 |
| Language |  |
| Product name | CEE Country Macro Outlook |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | Slovenia |
| Currency in focus | Euro |
| Sector in focus | - |
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