Key View

• We forecast real household spending in Slovenia to begin to recover over 2021, growing by a projected 4.1% y-o-y. We note that the economic impact of the Covid-19 pandemic did create a significantly low base from which to grow from, after household spending contracted by 9.8% over 2020. So, while growth in 2021 will be robust, the

Key View

• We at Fitch Solutions hold our forecast for real GDP growth of 4.5% in Slovenia in 2021, marking a robust recovery from a contraction of 5.5% in 2020.
• Real GDP growth expanded by 1.6% year-on-year (y-o-y) in Q121 and growth should accelerate from Q221 amid strengthening domestic and external demand as Covid-19 restrictions are eased

Key View

• We at Fitch Solutions forecast a GDP contraction of 7.3% in 2020, down from a previous forecast of 6.3%, following similar revisions across the region.
• The Covid-19 shock deepened a slowdown that had already begun in late-2019, with the worst of the impact expected in data for Q220 and a recovery likely to begin from Q320.
• We

Key View

• Slovenian businesses are expected to make significant cuts to IT spending in 2020/21 as the economy is hit hard by Covid-19 related shutdowns.
• The hardware segment will bear the brunt of these cuts, as businesses accelerate plans to do away with on-premises servers and home working will require lower spending of in-building and multi