Slovenia Shows Economic Progress

Slovenian exports rose by 14.1% year-on-year in May while industrial output was up by 9.1% in the same month, the statistics office said on Monday, Reuters reported. Analysts said the figures indicate that economic growth this year could be higher than 3.6% forecast by the government in March. Last year Slovenia’s GDP rose by 2.5%. The jobless rate this year is also likely to fall below 9.7% as forecast by the government due to robust economic growth. The number of jobless people reached an eight-year-low for the second month in a row in June, down by 15% compared to the same month of 2015.