Republic of Slovenia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Slovenia
IMF Staff Country Reports, May 15, 2017
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- Republic of Slovenia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Slovenia
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Bibliographic details
- Published: May 15, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484300725.002
Overview
- This 2017 Article IV Consultation highlights Slovenia’s fourth year of steady economic recovery, following decisive measures to address a looming banking crisis in 2013.
- Output and employment have risen considerably.
- The external position has strengthened, reflecting robust exports and strong tourism.
- The financial system has substantially improved in the past few years.
Key findings
- Rising domestic demand and continuing strong exports will support projected growth of about 3 percent in 2017.
- Over the medium term, economic growth will converge to the estimated potential GDP growth rate of 1.75 to 2.00 percent.
- Higher growth is possible if policies increase investment, reduce labor skills mismatches, and boost total factor productivity growth.
Financial sector
- The report emphasizes that the financial system has substantially improved in the past few years following the 2013 banking crisis.
- Nonperforming loans are listed among subjects covered in the report.
External sector and labor market
- The external position has strengthened, driven by robust exports and strong tourism.
- Employment has risen considerably as part of the recovery.
Policy implications and recommendations
- Policies that increase investment can raise growth above the medium-term convergence path.
- Reducing labor skills mismatches is recommended to support higher growth.
- Measures to boost total factor productivity growth are highlighted as a route to stronger medium-term growth.
International Monetary Fund. Republic of Slovenia: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Slovenia
Content in this bundle
- Country Report