Slovenia's economy grows 5% in second quarter

Slovenia's economy experienced a significant rebound in the second quarter, with Gross Domestic Product (GDP) growing by 5% compared to the same period last year. This represents the strongest economic expansion the country has seen since the first quarter of 2022, a time when Slovenia was still recovering from the COVID-19 pandemic and had not yet felt the full impact of the energy crisis triggered by Russia's invasion of Ukraine.

The robust growth was largely fueled by a surge in investment activity, which increased by 13.2% year-on-year. This marks the second consecutive quarter of such strong investment growth. Investments in buildings and structures saw a particularly sharp rise, climbing by nearly a fifth (19.0%), with non-residential projects showing substantial gains.

Quarterly growth, after accounting for seasonal adjustments, stood at 1.8%. The figures released by the national statistics office indicate that this growth, which spanned both pre- and post-election periods, was largely anticipated by economists. The strong performance suggests a positive economic trajectory for Slovenia.