Economic Mirror: Poor Exports Fuelled C/A Deficit

Ljubljana, 5 August - Following lacklustre performance in manufacturing, Slovenia's exports of goods only increased by an annual 2.5 percent in the first five months of the year. Largely as a result of poor exports, the current account balance of payments, which in the 2002 January-May period showed a EUR 79m surplus, thus recorded a EUR 69m deficit in the same period this year, according to the government Institute for Macroeconomic Analyses and Development (IMAD).