Impact of Oil Prices on GDP Will Be Evident in the Autumn

Ljubljana, 28 August - It will not be clear before the autumn whether high oil prices will require corrections in the forecasts of key macroeconomic indicators. The government Institute for Macroeconomic Analyses and Development (IMAD) as well as the Bank of Slovenia says it is too early to make estimates, but both institutions agree that consistently high oil prices could dent GDP growth and push up inflation.