The Statistics Office upgraded the country's 2014 GDP estimate to 3 percent. The economy grew mainly on the back of a rise in exports. In the final quarter of 2014, domestic demand also rebounded from a previous decline. Job growth translated into stronger household consumption (2 percent), chiefly on cars and household appliances. Boštjan Vasle, head of UMAR (Institute of Macroeconomic Analysis and Development), says that economic indicators are on the upswing.
Many reforms have been put on hold, so resting on one's laurels would now be a mistake, economist Mitja kovač said. The Slovenian government seems to agree. Prime Minister Miro Cerar today said on the sidelines of the Bled Strategic Forum that growth figures suggest some cause for optimism. He added that Slovenia needs to consolidate its public finances, considerably reduce its budget deficit and ultimately reduce its debt.

However, Vasle believes that the recent economic recovery calls for changes in wage policy.

Al. Ma., T. H., MMC;
translated by D. V.