So Much For An Economic Boom
SBI20 index tumbles
Item: In the last quarter of 2007 Slovenian GDP has risen a modest 4,7 compared to previous results and growth is expected to slow down
Item: Inflation in March 2008 reached 1.3 percent, yearly inflation is now at an astonishing 6.9 percent - the highest in eurozone
Item: Average net income in February 2008 was 864.50 EUR and more than 65% of Slovenes earnes less than that
Item: Slovenian Stock Exchange apparently entered a downward spiral with all the main indices (trading at more than double the return just two months ago) experiencing a negative return on capital on a yearly basis and losing over a billion euros in stock value in just a couple of months
Question: So, where exactly is the much hailed economic boom? Went out for a smoke?
Sources of statistical data: www.stat.si
Wednesday, April 16th, 2008
