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Slovenia is in a deep recession and, despite recent reforms, must solve the banking crisis, strengthen fiscal sustainability and boost growth through structural reforms, according to the OECD’s latest economic Survey of Slovenia.
Overall, the education system fares well by international comparison. Slovenia has one of the highest shares of the population aged 25 to 64 to have completed at least upper secondary education, and ranks high in international educational achievement tests.
Slovenia has been hit hard by the global crisis, but started to recover gradually. This Survey discusses policies to rapidly rebalance the Slovenian economy, restore competitiveness, improve the performance of the education system, and create a friendlier environment for foreign direct investmen
Product market regulation on average is Slovenia does not appear particularly stringent, but heavy state involvement and high market concentration in several industries call for the gauging of competitive pressures in Slovenian industries.
This paper examines various aspects of fiscal policy in Slovenia, in particular fiscal consolidation, pension reform, efficiency of government spending and the tax system.
Labour market outcomes have improved markedly in the past years as the beneficial effects of the economic upswing were reinforced by important structural reforms.
Slovenia’s rapid convergence to the OECD average has been interrupted by the global crisis that made discretionary fiscal expansion necessary. Beyond the crisis, ensuring fiscal sustainability, especially through pension reform, increasing labour participation, especially among the old and the young and improving the governance of financial institutions and state-owned enterprises remain key challenges.
Slovenian, , 505kb
Slovenija je zmanjšala razvojni zaostanek v primerjavi s povprečjem OECD, merjeno z BDP na prebivalca, in pri tem ni ustvarila večjih neravnovesij. To dohitevanje je upočasnila globalna finančna in gospodarska kriza, ki je postavila ekonomsko politiko pred izziv, kako z ustreznimi spodbudami čim prej pomagati finančnemu sektorju in gospodarstvu. Glavni cilj nosilcev politike po koncu krize mora biti ponovna vzdržna rast v okviru
English, , 304kb
Slovenia has achieved a significant economic catch-up toward the OECD average GDP per capita without creating any major imbalances. This catch-up has been set back by the financial turmoil, which poses immediate challenges to economic policy to support the financial sector and economic activity in general. Beyond the crisis, the main goal for policymakers must be to restore sustainable growth within the euro area. Regarding these
Slovenia achieved strong economic growth leading to a marked catch up with the EU15 during the last decade. This dynamic growth has been interrupted by the global recession, adversely affecting Slovenian exports and banks’ refinancing possibilities. As the economy recovers, efforts to achieve real convergence need to be renewed.