The Path to Stability and Growth: The Case of Slovenia
The Path to Stability and Growth: The Case of Slovenia

Summary/Abstract: Slovenia’s economic transformation is usually considered successful. It deviated from theoretical patterns: its general approach to reforms was rather conservative and was inclined to tolerate inflation. The decisive period was between 1991 and 1994 when the government implemented crucial reforms creating favorable conditions for inflation to decrease and, at the same time, turn the economy toward sustained growth. Indeed, GDP growth rates after 1993 were between 3% and 5% while inflation remained on a moderate level. Immediately before entering the EU and ERM II inflation was finally reduced.

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