IMAD Cuts Slovenia's Economic Growth Forecast

Ljubljana, 29 October - The Government Institute for Macroeconomic Analyses and Development (IMAD) estimates that economic growth in Slovenia this year will be 0.6 percent lower than the initially announced 4.2 percent, topping only 3.6 percent. The Slovene economy is expected to grow by 3.7 percent next year, while in 2003 it is to expand by 4.9 percent, Finance Minister Anton Rop said Monday after a meeting of the strategic economic council, an unformal advisory group of respected Slovene economists.