search query: @author Zizmond, E. / total: 17
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| Author: | Zizmond, E. |
| Title: | Od transformacijske depresije h gospodarski rasti |
| Journal: | Bilten EDP
1994 : VOL. 17:2-3, p. 23-40 |
| Index terms: | |
| Freeterms: | Slovenia, economy, growth rate, level of employment, unemployment, inflation, exchange rate |
| Language: | slv |
| Abstract: | 1993 was the year in which the main reasons for transitional depression in Slovenia were abolished: after five consecutive years of decline, GDP finally increased by 1.3%.In the second half of 1993 (that is two years after the independence was declared) the production in Slovenia namely started to grow again due to the growth of both export (significant surplus in current account) and domestic demand (under the influence of real wage increase).As the economy was under-utilized and inflationary expectations almost extinguished, the increase in demand could be transformed into production growth.In 1994, the expansion continued.From August 1993 (when the lowest level was achieved) to August 1994 the production in manufacturing grew by 6.3%.Also other economic activities' growth was positive and surplus in the current account (also in trade balance) was achieved.Such a revival of activity, relatively favourable expectations at home, and improvement in the economic situation in Europe lead to the prediction that an increase of GDP in 1994 by at least 5% can be achieved (in the second quarter of 1994 real GDP grew on an annual level of 6.3%). |
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