Review of the Slovenian Economy from 28 September to 4 October

Ljubljana, 6 October - Topping financial news this week was the adoption of state budgets for the next two years. The government was forced to revise the 2003 budget, which had been prepared and adopted last year, because of worse-than-expected economic trends. Presenting key economic data, the Institute for Macroeconomic Analyses and Development (IMAD) said that half-yearly economic growth amounted to 2.7 percent, but should reach the forecast 3.3 percent by the end of the year. Meanwhile, 2002 inflation is expected to surpass initial projections by 0.5 percentage points and stand at 7.4 percent, IMAD said.