Page 67 - SE Outlook Regions 2022

Consumer prices (avg, % yoy) -0.1 1.4 1.7 1.6 -0.1 1.4 1.8

Consumer prices (eop, % yoy) -1.1 2.2 2.1

General budget balance (% of GDP) -1.9 0.0 0.7 0.5 -8.4 -7.0 -4.5

Public debt (% of GDP) 78.5 74.1 70.3 65.6 80.8 79.7 76.3

Current account balance (% of GDP) 4.8 6.2 5.8 5.6 7.1 6.3 5.5

Gross foreign debt (% of GDP) 91.9 90.5 104.1 103.1 98.2

Source: IMF, Erste, Statistics Office

2.11.1 GDP growth

Growth is set to moderate in 2022 following strong GDP growth
figures in 2021 from the low base in 2020.

The European Commission has downgraded Slovenia’s GDP
growth forecast for 2022 by 0.9 pp to 4.2% and growth is expected
to slow down further in 2023 to 3.5%, following projected growth of
6.4% in 2021.

For 2022 the IMF projection for Slovenia’s economic growth was
lifted by 0.1 of a percentage point (pp) to 4.6%.

In the first nine months of 2021, Slovenia's GDP expanded by an
annual 7.4% and domestic demand is expected to remain the
main growth driver.

The central bank said that the growth is expected to be slightly
slower in the final quarter of 2021, particularly in light of the
potential expansion of containment measures to prevent the
renewed spread of the pandemic. Furthermore, the risks
associated with the poor epidemiological picture in Europe, the
spread of the new coronavirus variant, bottlenecks in supply
chains, and high energy prices and input commodity prices are all
growing.

67 SE Outlook 2022 www.intellinews.com