Republic of Slovenia: Staff Report for the 2004 Article IV Consultation

May 24, 2004

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Republic of Slovenia: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2004) accessed December 24, 2024

Summary

This 2004 Article IV Consultation highlights that domestic demand in Slovenia rebounded strongly in 2003 after three anemic years. All components of domestic demand strengthened appreciably, fueled by declines in interest rates and the associated pickup in bank credit to the private sector. Progress with disinflation was better than expected. Year-over-year inflation declined from 7.2 percent at end-2002 to 3.5 percent in March 2004. IMF staff analysis suggests that the widening of the output gap associated with the economic slowdown was the dominant driving force behind disinflation in 2003.

Subject: Banking, Disinflation, Exchange rates, External debt, Foreign exchange, Inflation, Labor, Prices, Wages

Keywords: CR, Demand, Disinflation, Disinflation record, Europe, Exchange rate objective, Exchange rates, Fiscal policy, Inflation, Inflation projection, ISCR, Maastricht inflation criterion, Monetary policy, Wage drift, Wages

Publication Details

Pages:

55
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/150
Stock No:

1SVNEA0032004
ISBN:

9781451835748
ISSN:

1934-7685

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