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									current economic trends
                                                                                                                                                                         Slovenian Economic Mirror, November 2010                                                                7
                                                                                                                                                                                            Current Economic Trends

International environment                                                                                                                              growth accelerated somewhat in the third quarter (0.6%)
                                                                                                                                                       and GDP increased 3.2% y-o-y; economic growth in China
Economic growth in the euro area slowed in the third                                                                                                   remains high despite a slight moderation (10.6% y-o-y).
quarter, as expected. According to Eurostat, GDP increased
0.4% in real terms in the euro area (1.0% in the second                                                                                                The economic recovery in the euro area is set to continue in
quarter) and 1.9% y-o-y. In most of Slovenia’s main trading                                                                                            the next two years, according to the autumn forecasts by the
partners economic growth slowed relative to the previous                                                                                               EC and the OECD. Both institutions revised upwards their
quarter. Germany’s economic growth eased noticeably in                                                                                                 GDP forecasts for this year and expect the recovery to
the third quarter (0.7%; in the second quarter 2.3%), but                                                                                              continue steadily, yet at a slower pace than after previous
remains among the highest in the EU. Domestic demand                                                                                                   recessions. The current recovery in the euro area is
has also become an important driver of growth, beside      
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