Bank of Slovenia cuts GDP forecast amid construction, export slowdown

LJUBLJANA, Dec. 18 (Xinhua) -- The Bank of Slovenia on Wednesday cut this year's growth forecast for the country's economy from 2.5 percent predicted in June to 1.4 percent, citing a low level of investment in construction and lower exports than expected.

"Economic growth in the first three quarters of 2024 was modest, initiated mainly by state and household spending," the bank said in a report, adding that 2024