Slovenia Gets Euro Boost?
6 months ago,
Now we can see that first quarter growth rose to 7.2%. That is the highest number since
Note also the increase in year over year growth from 5.5% in the fourth quarter to 7.2% in the first quarter. This implies that growth expressed in the American way (compared to the previous quarter in annualized terms) was likely 12% or more.
Was there a causal connection between
One argument against this is that the increase in growth was much bigger than the one experienced by other countries adopting the euro. That does indeed mean that some other factor could have been involved, although it should be said that the expected theoretical boost to Slovenia is higher than for most other countries given Slovenia's small size ( With its mere 2 million people, only Luxembourg is smaller among current euro zone members) and its not particularly stable monetary history. So, the euro probably explains most of the increase.