February 16 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Thursday it estimates Slovenia's gross domestic product (GDP) to increase by 1.0% in 2023, cutting its 1.8% growth forecast made in September.
In 2024, Slovenia's GDP is expected to grow by 2.3%, the EBRD said in in an update to its Regional Economic Prospects report.
Slovenia's GDP is estimated to have grown by 6.0% in 2022 after rising by 8.2% in 2021.
Earlier this week, the European Commission improved its economic growth forecast for Slovenia in 2023 to 1.0% from 0.8% predicted in November. Slovenia's economy is expected to expand by 2.0% in 2024, the Commission said in its Winter 2023 Economic Forecast report.