LJUBLJANA (Slovenia), September 18 (SeeNews) – The European Bank for Reconstruction and Development (EBRD) said on Thursday it has raised its forecast for Slovenia’s economic performance this year to a 0.7% gain from the zero growth projected in May.
The forecast is revised up following better than expected growth in the first and second quarters and robust export performance, the EBRD said in its Regional Economic Prospects Report.
In Slovenia, the restructuring of the corporate sector that is necessary to sustain long-term growth has been somewhat slower than expected though it will hopefully accelerate once the new government is formed in September, the EBRD said.
The Slovenian economy is expected to grow by 1.0% in 2015, according to EBRD data.
In August, the Slovenian parliament endorsed as prime minister designate Miro Cerar, whose center-left SMC party won a snap vote held a month earlier.
Slovenia’s gross domestic product contracted by 1.1% in 2013.