Sloveniaʼs economic output falls in Q2
Sloveniaʼs economic output contracted by a real 13% year-on-year in the second quarter of 2020, and was 9.6% lower compared to the first quarter of the year, as a result of the coronavirus crisis, the Statistics Bureau of Slovenia (SURS) said on Monday.
Domestic consumption shrank by an annual 12% in April-June, as a result of an 11.8% drop in final consumption and a 12.8% fall in gross capital formation.
The only constituent of final consumption that increased was government expenditure which rose by 1.5% on the year.
In January-March, Sloveniaʼs gross domestic product (GDP) shrank by a real 2.5% on the year and was down by 4.8% compared to the previous quarter. GDP fell 7.9% on the year in the first six months, the statistical office said.
In a separate report by the Ljubljana-based statistics bureau show that consumer prices in Slovenia fell an annual 0.1% in August, retreating after a 0.3% rise in July. On a monthly basis, consumer prices were flat.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.