Slovenia’s Q3 GDP grew 5% YO-Y

Ljubljana : Slovenias Gross Domestic Product (GDP) grew 5% year-on-year during the third quarter (Q3) and 1.3% quarter-on quarter, according to the countrys statistical bureau.

household spending and gross investment contributed the most to GDP Growth." In Q3, household spending increased by 9.3% year-on-year.During the period, investments increased by 27%, exports by 10.6 % and imports by 19.9%.The increase in fuel and transport prices led to a 4.9% increase in Slovenias harmonised Consumer Price Index (inflation rate).The Covid-19 pandemic severely affected the country and its GDP fell by 4.2% in 2020.The government predicts that the economy will grow by 6.1% in 2021, and its export-oriented economy will rebound in 2021.int/khz/ #Slovenias #grew.