The Slovenian Chamber of Commerce (GZS) has revised its economic growth forecast downwards for 2027 and 2028. Initially projecting growth of 2.1% and 2.2%, the GZS now anticipates rates of 1.8% and 1.9%, respectively. This adjustment reflects a slightly more conservative outlook than that of the Office of Macroeconomic Analysis and Development of the Republic of Slovenia, which continues to predict growth of 2% for both years.
This revision was anticipated following the emergence of a new global shock – the ongoing conflict in the Middle East. The recent US-Israeli action targeting Iran has heightened concerns about a potential energy crisis and contributed to increased uncertainty. According to the GZS’s basic scenario, energy prices are expected to rise during the third quarter of 2027.
The chamber acknowledges significant uncertainty surrounding the evolving situation in the Middle East and anticipates a potential worsening of economic conditions. The GZS’s forecast highlights the impact of geopolitical instability on Slovenia’s economic outlook and underscores the need for continued monitoring of global developments.
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