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Slovenia Officially in Recession

Ljubljana, 9 June - Slovenia's economy shrank at an annual rate of 8.5% in the first quarter of this year, due to slumps in exports and investments, the Statistics Office said on Tuesday. This is the biggest contraction ever and it qualifies Slovenia as a country in recession with two consecutive quarters of negative growth.

Ljubljana
Development and European Affairs Minister Mitja Gaspari (left) and the director of the Institute of Macroeconomic Analysis and Development, Bostjan Vasle, commenting on the data on economic growth in the first quarter.
Photo: Tamino Petelinsek/STA

Ljubljana
The director of the Institute of Macroeconomic Analysis and Development, Bostjan Vasle, commenting on the data on economic growth in the first quarter.
Photo: Tamino Petelinsek/STA

Ljubljana
Development and European Affairs Minister Mitja Gaspari (left) and the director of the Institute of Macroeconomic Analysis and Development, Bostjan Vasle, commenting on the data on economic growth in the first quarter.
Photo: Tamino Petelinsek/STA

Ljubljana
The director of the Institute of Macroeconomic Analysis and Development, Bostjan Vasle, commenting on the data on economic growth in the first quarter.
Photo: Tamino Petelinsek/STA

Ljubljana
Development and European Affairs Minister Mitja Gaspari (left) and the director of the Institute of Macroeconomic Analysis and Development, Bostjan Vasle, commenting on the data on economic growth in the first quarter.
Photo: Tamino Petelinsek/STA

Ljubljana
Development and European Affairs Minister Mitja Gaspari commenting on the data on economic growth in the first quarter.
Photo: Tamino Petelinsek/STA

Ljubljana
The director of the Institute of Macroeconomic Analysis and Development, Bostjan Vasle, commenting on the data on economic growth in the first quarter.
Photo: Tamino Petelinsek/STA

Ljubljana
Development and European Affairs Minister Mitja Gaspari (left) and the director of the Institute of Macroeconomic Analysis and Development, Bostjan Vasle, commenting on the data on economic growth in the first quarter.
Photo: Tamino Petelinsek/STA

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