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In the Spotlight In the Spotlight Anonymous Slovenian Economic Mirror Feb 2008


Economic growth in the EMU decelerated at the end of 2007 and is expected to moderate further this year. In the final quarter of 2007, real GDP growth in the EMU slowed from 2.6% to 2.2%, which, next to the moderation in exports, largely reflected the lower growth of private consumption caused by the high increases in food and energy prices. The Slovenian economy is also cooling. Activity in construction and manufacturing, which last year reached its peak in the last few years, has continued to moderate gradually. Consumer prices remained unchanged in February. Although the prices of liquid fuels decreased as a result of trends on global markets, the prices of clothing and footwear increased owing to the usual seasonal swings.

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