1997 Inflation Higher than Expected

Ljubljana, 11 November - ANALYSIS/ECONOMY
Continuing a moderate economic growth rate from 1996, this year's economic growth rate is expected to be between 3 and 3.5 percent. The 1997 economic growth rate has been influenced by positive economic trends in Slovenia's most important trade partners as well as by an increase in real terms in the added value that was recorded in all branches, with the exception of mining. Expected to reach only 8.8 percent, inflation is to total 9.5 percent in end-1997, according to results of the so called Autumn Analysis conducted by the Office for Macro-economic Analyses and Development (UMAR).

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