IMAD: Biggest Downgrade of Slovene Economic Growth a Result of Uncertain Global Situation

Ljubljana, 28 November - The Institute for Macroeconomic Analyses and Development (IMAD) was conservative in its latest economic forecasts since the current uncertain global economic conditions make it difficult to prepare forecasts, IMAD Director Janez Sustersic told the press on Wednesday. In its autumn report, IMAD made the greatest downgrade of Slovenia's economic growth forecast in history, lowering growth rate to 3.7 percent for this year and 3.6 percent for 2002.