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2017/12/13 / Erste Group Research

SI Macro Outlook, Slovenia


Domestic and external demand both going strong, supporting growth profile

GDP growth remained strong in 3Q17, with the headline figure outstripping expectations and expanding by 4.5% y/y (i.e. a similar growth rate as in 2Q17). The detailed structure revealed positive domestic demand developments, while net exports support further traction gains.

Amid strong developments in 1-3Q and a similar outlook for 4Q17, we revised our FY17 GDP forecast upward to 4.5%, followed by mild growth deceleration in 2018 towards 4%. Domestic demand support should remain a key growth driver ahead, while net exports should play a more neutral role vs. the 2017 performance.


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General information

AuthorErste Group Research
Date2017/12/13
Languageen
Product nameCEE Country Macro Outlook
Topic in focusFX, Macro/ Fixed income
Economy in focusSlovenia
Currency in focusEuro
Sector in focus-
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