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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

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