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Review of Slovene Economic Activities from 5 through 11 December

Ljubljana, 13 December - The government presented on 10 December the autumn report of the Office for Macroeconomic Analyses and Development on macroeconomic situation in Slovenia with an outlook for 1999. Economic indicators at the end of 1998 are in accordance with expectations, and so the 4-percent economic growth forecast in spring is estimated to be achieved this year. Inflation is not expected to exceed 7 percent. Exports of goods, to reach 6.5 percent until the end of the year, have been this year's main driving force of economic growth. Deficit in the current account of the balance of payments is estimated to amount to about US$ 5 million. A 0.5-percent rise in employment is also expected. As a result of the global economic crisis less favourable trends can be expected in 1999, and so the economic growth rate for 1999 is estimated to fall to 3.75 percent.

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