Slovenian Economy Unexpectedly Exits Recession on Demand

Slovenia’s economy unexpectedly exited its recession in the first quarter as gains in domestic consumption offset slower investment growth.

Gross domestic product advanced 0.2 percent from the previous three months, when it contracted 0.7 percent, the statistics office in the capital Ljubljana said on its website today. Economic output fell 0.2 percent from a year earlier, it said. A Bloomberg survey of six economists forecast a 1.5 percent contraction from a year ago.