Slovenia's Economy Projected to Shrink 0.9% This Year

Ljubljana, 15 March - Slovenia's gross domestic product is expected to shrink by 0.9% this year following a 0.2% contraction in 2011, the Institute of Macroeconomic Analysis and Development (IMAD), a government think-tank, said in its Spring Forecast on Thursday, less than two months after it projected growth of 0.2% for the year.

Ljubljana Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle. Photo: Tamino Petelinšek/STA

Ljubljana
Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle.
Photo: Tamino Petelinšek/STA

Ljubljana Finance Minister Janez Šušteršič at the press conference following a cabinet session. Photo: Tamino Petelinšek/STA

Ljubljana
Finance Minister Janez Šušteršič at the press conference following a cabinet session.
Photo: Tamino Petelinšek/STA

Ljubljana Finance Minister Janez Šušteršič at the press conference following a cabinet session. Photo: Tamino Petelinšek/STA

Ljubljana
Finance Minister Janez Šušteršič at the press conference following a cabinet session.
Photo: Tamino Petelinšek/STA

Ljubljana Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle. Photo: Tamino Petelinšek/STA

Ljubljana
Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle.
Photo: Tamino Petelinšek/STA

Ljubljana Finance Minister Janez Šušteršič at the press conference following a cabinet session. Photo: Tamino Petelinšek/STA

Ljubljana
Finance Minister Janez Šušteršič at the press conference following a cabinet session.
Photo: Tamino Petelinšek/STA

Ljubljana Finance Minister Janez Šušteršič at the press conference following a cabinet session. Photo: Tamino Petelinšek/STA

Ljubljana
Finance Minister Janez Šušteršič at the press conference following a cabinet session.
Photo: Tamino Petelinšek/STA

Ljubljana Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle. Photo: Tamino Petelinšek/STA

Ljubljana
Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle.
Photo: Tamino Petelinšek/STA

Ljubljana Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle. Photo: Tamino Petelinšek/STA

Ljubljana
Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle.
Photo: Tamino Petelinšek/STA

Ljubljana Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle. Photo: Tamino Petelinšek/STA

Ljubljana
Institute of Macroeconomic Analysis and Development (IMAD) Director Boštjan Vasle.
Photo: Tamino Petelinšek/STA

Ljubljana Finance Minister Janez Šušteršič at a press conference following a cabinet session. Photo: Tamino Petelinšek/STA

Ljubljana
Finance Minister Janez Šušteršič at a press conference following a cabinet session.
Photo: Tamino Petelinšek/STA

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