October 11 (SeeNews) - Slovenia's economy will expand by 4.0% in 2017, the International Monetary Fund (IMF) said, raising its economic growth forecast for the country from 2.5% projected in April.
Slovenia's economic growth is projected to slow down to 2.5% in 2018, still above the April projection of 2.0%, the IMF said in the October edition of its World Economic Outlook (WEO).
The economy of the tiny Alpine state grew by 3.1% last year, according to the IMF.
Slovenia's average annual inflation is seen at 1.6% this year and 1.8% in 2018, following deflation of 0.1% in 2016.
The country's current account balance is seen at a surplus of 5.0% of GDP this year and 4.9% next year, the IMF said. Slovenia ended 2016 with a current account surplus of 5.2% of the GDP.
Slovenia's GDP growth is projected to slow to 1.8% in 2022.