Slovenia's central bank has said it has lowered its GDP growth forecasts for 2019 and 2020, saying the growth of exports and domestic demand will remain the main growth drivers.
Economic growth will slow down to 2.6% in 2019 and 2.5% next year, from 4.1% in 2018, and will keep these growth levels in 2021 and 2022 as well, Bank of Slovenia said in the December issue of its macroeconomic projections. In its previous forecast made in June the central bank said Slovenia's GDP would expand by 3.2% in 2019 and by 2.9% in 2020, SeeNews reported.
"Economic growth will continue to be higher than the EU average, thanks to which the country will continue to catch up with the EU's most developed members," the central bank said. It added that the risks to its latest economic growth outlook remained on the downside, and were mainly linked with the international environment.
The European Commission, the European Bank for Reconstruction and Development (EBRD) and the International Monetary Fund (IMF) also lowered their GDP forecasts for Slovenia earlier this year, expecting growth of 2.6%-2.9% this year and 2.7%-2.9% in 2020.