Govt economic forecaster projects up to 8% contraction

Ljubljana, 23 March - After halving its economic growth forecast for Slovenia for the year to 1.5% less than a fortnight ago, the government economic think-tank IMAD is now projecting a six to eight percent contraction in the country's GDP due the worsening coronavirus crisis.

Ljubljana Businesses impacted hard by sweeping lockdown measures. Photo: Jure Makovec/STA File photo

Ljubljana
Businesses impacted hard by sweeping lockdown measures.
Photo: Jure Makovec/STA
File photo

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