Excessive credit growth, poor risk assessment and lax lending standards in the run up to the 2008 global crisis led to unsustainable debt build-up in banks and related corporates.
Slovenia’s population is set to age rapidly in the coming decades. This demographic trend will increasingly put pressure on already fragile public finances as age related expenditure is projected to rise by 3 percentage points of GDP by the year 2030.
The rapid growth after independence stopped in 2008 as the global crisis exposed important structural weaknesses. Large state involvement and rigid labour and product markets lowered productivity.
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In 2008, Slovenia had an above-average employment rate and below-average unemployment rate, but the labour market was then hit very hard by the global economic crisis.
It is my great honour to introduce to Council the Prime Minister of Slovenia, Dr. Miro Cerar, who will enlighten us on the topic of the OECD as an important partner for responsible reform.
Specific country notes have been prepared using data from the database OECD Health Statistics 2015, July 2015 version. The notes are available in PDF format.
A dashboard of key government indicators by country, to help you analyse international comparisons of public sector performance.
Important reforms have been implemented which raised credibility of Slovenia in the financial markets and boosted confidence. But economic recovery has been sluggish, many people are unemployed and living standards still remain below the pre-crisis levels.
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This rapid policy assessment focused on supporting the unemployed in business creation and self-employment, notably the Measure for Commencing Commercial Activity or Self-employment is organised and promoted by the State Employment Agency.
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Having a long-term strategic vision for the use of the infrastructure stock will help to attract private investment not only into the port of Koper, but also into other commercial and social infrastructures for the surrounding region.