IMAD Sticks to Forecast of 1.4%-1.5% Contraction in 2013

Ljubljana, 11 January - The Institute of Macroeconomic Analysis and Development (IMAD), the government think-tank, believes the Slovenian economy will contract by about 1.5% of GDP this year, in line with its autumn forecast. However, a lot will depend on how successful the banking sector restructuring will be, IMAD director Boštjan Vasle told the press on Friday.