Central Bank Projects 1.8% Contraction for 2012
Ljubljana, 1 October - The Slovenian economy is expected to contract by 1.8% this year and a further 0.7% in 2013 before rebounding, the central bank forecast on Monday. This is a significant downgrade from its spring projections, when it forecast that the economy will shrink by 1.2% this year and return to growth in 2013.
Ljubljana
The central bank projects that the Slovenian economy will contract by 1.8% this year and a further 0.7% in 2013 before rebounding. Governor Marko Kranjec (pictured) said forecasting was very ungrateful in this period of uncertainty; it is unclear how the world economy will change and the domestic situation is just as uncertain.
Photo: Daniel Novakovič/STA
Ljubljana
The central bank projects that the Slovenian economy will contract by 1.8% this year and a further 0.7% in 2013 before rebounding. Governor Marko Kranjec (pictured) said forecasting was very ungrateful in this period of uncertainty; it is unclear how the world economy will change and the domestic situation is just as uncertain.
Photo: Daniel Novakovič/STA
Ljubljana
The central bank projects that the Slovenian economy will contract by 1.8% this year and a further 0.7% in 2013 before rebounding. Governor Marko Kranjec (pictured) said forecasting was very ungrateful in this period of uncertainty; it is unclear how the world economy will change and the domestic situation is just as uncertain.
Photo: Daniel Novakovič/STA
The rest of this news item is available to subscribers.
The news item consists of 2.057 characters (without spaces) or 392 words words.
Buy the news item. Price: 2 tokens; on account: 0 tokens.