Economic Mirror: Slovenia's Economy Slightly Less Competitive in 1997

Ljubljana, 6 April - SLOVENIA/ECONOMY/ANALYSIS
The competitiveness of the Slovene economy slightly declined last year with regard to prices and expenses if one allows for somewhat modified data on the output in manufacturing. Despite faltered growth in real expenses of labour per an employed, which was caused partially by cuts in taxes on salaries 1996, the inferior competitive capacity was mainly due to an insubstantial growth in productivity and appreciation of the tolar to other currencies, the Institute for Macroeconomic Analysis and development (UMAR) establishes in the latest issue of Economic Mirror, its regular monthly publication.