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2017 OECD Economic Surveys: Slovenia 2017

image of OECD Economic Surveys: Slovenia 2017

The economy is experiencing a strong recovery after a prolonged period of low growth following the international financial and domestic banking crises.  The current economic prosperity reflects a combination of recent structural reforms, business restructuring, supportive monetary conditions and improved export markets. A downside is that unemployment consists increasingly of low-skilled and older workers who are unable to fill emerging labour shortages. In addition, long-run growth prospects are hindered by a rapidly ageing population and low productivity growth, partly linked to product market issues.  The 2017 Survey makes key policy recommendations to secure fiscal sustainability through pension and health care reform. In addition, the Survey recommends measures to enhance economic growth by boosting investment incentives in human and physical capital. Such investments will improve the skills and adaptability of the Slovenian workforce and promote competitive firms, fostering faster productivity growth and higher living standards for all Slovenians by ensuring more inclusive growth.

SPECIAL FEATURES: ENHANCING SKILLS; COMPETITION POLICY AND REGULATION

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Basic Statistics of Slovenia, 2016

(Numbers in parentheses refer to the OECD average)

This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of the Slovenia were reviewed by the Committee on 28 June 2017. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 17 July 2017.The Secretariat’s draft report was prepared for the Committee by Jens Høj and Rory O’Farrell from the OECD secretariat, and Franci Kluzer seconded from the Slovenian Ministry of Finance, under the supervision of Peter Jarrett. Research assistance was provided by Anne Legendre and Klaus Pedersen and editorial assistance was provided by Sylvie Ricordeau.The previous Survey of the Slovenia was issued in May 2015.

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