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Govt Think-Tank Downgrades 2009 Growth Forecast to 1.1%

Ljubljana, 19 December - The Institute of Macroeconomic Analysis and Development (IMAD) downgraded Slovenia's growth forecast for 2009 Friday to 1.1%, down from 3.1% projected in September. This year Slovenia's GDP was expected to expand by 4.8%, but now the IMAD believes it will top out at 4.1% as exports and investment drop.

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