
Macroeconomic environment

August 14, 2025
Economic growth resumed in second quarter
The Slovenian economy returned to growth in the second quarter, expanding in quarterly and year-on-year terms. The growth was driven primarily by final household consumption and a build-up of inventories, while foreign trade continued to act as a brake on growth.
Current posts
In focus
Impact of trade tensions on Slovenian economy
Rising global trade frictions are taking a visible toll on Slovenia’s economy. Our latest forecast sees GDP growth lowered by 0.6 percentage points this year and by 0.4 points next year by the effects of trade tensions.
While Slovenia’s direct exposure to the U.S. market is relatively limited, the main effects stem from heightened uncertainty and indirect trade flows via key EU partners. If tariffs rise further and uncertainty persists at elevated levels beyond the 90-day moratorium, the GDP growth would fall by an additional 0.4 percentage points this year and 0.8 next year according to our scenario analysis.
Current data
Economic publications

Review of macroeconomic developments and projections June 2025
Research publications

Luka Markovič: Measures of inflation sensitivity to monetary policy

Gašper Ploj: Core inflation in the euro area: What explains the post-pandemic dynamics of services and NEIG inflation?

Luka Žakelj: Situation in energy intensive manufacturing sectors in Slovenia