World Recession to Affect Slovenia as Much as the EU

Economic growth in transition countries will be affected by subdued growth in the EU, mainly through lower imports, the European Commission has found out. October estimates of the European Commission predict that the real rise in imports into the EU member states will weaken from 7.9 percent in 1998 to 5.9 percent in 1999. As a result, growth in Slovene export markets will be 4.5 percent next year (the spring estimate was 6.9 percent), the latest issue of Slovene Economic Mirror, published by the Office for Macroeconomic Analyses and Development, says. The impact of the world recession on Slovenia in 1999 is expected to be comparable to the impact on the EU.

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