LJUBLJANA – Second COVID-19 wave would cripple economy

Slovenia’s state macroeconomic office UMAR forecast on Thursday (24 September) that the national economy would fall 6.7% this year, an improvement on its previous prediction for a 7.6% GDP contraction.

The office said the economy could return to pre-crisis levels in 2022, but warned that should a new spread of COVID-19 get out of control, it would severely cripple services and industry.

“If this happens this year, the fall in GDP could deepen by another two percentage points, while bankruptcies and higher unemployment would also bring about a slower and longer recovery in the coming years,” Umar director, Maja Bednaš, warned, according to news website 24.ur.

(Zoran Radosavljević | EURACTIV.com)

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