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Slovenian GDP Plunges Most Since 2009 on Slump in Demand

Slovenia’s economy contracted the most in the first quarter since the last three months of 2009 as the government’s austerity push keeps domestic demand weak and exports to the rest of Europe eased.

Gross domestic product shrank 4.8 percent from the same period in the previous year after a 3 percent drop in the last quarter of 2012, the statistics office in the capital, Ljubljana, said today on its website. The Bloomberg survey called for a 2.9 percent drop.