Macroeconomic Forecast Slovenia

The most recent data released shows the Slovenian unemployment rate rising to 11.9% as of October 2011, up from 11.5% in September and 11.4% back in June. We continue to target an end-2011 joblessness rate of 12.0%, however, owing to the deterioration in Slovenia's economic outlook in recent months as a result of both external and domestic factors, we have been prompted to downgrade our end-2012 and end-2013 forecasts to 11.5% and 10.0% respectively, from 10.5% and 8.3% previously.

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