Bank of Slovenia Dep Gov Dolenc: Economy “More Robust than Expected”

19 December 2025

By David Barwick – FRANKFURT (Econostream) – Bank of Slovenia Deputy Governor Primož Dolenc on Friday said that the euro area economy had been unexpectedly robust and that financing conditions would continue to provide support.

In a statement posted to the website of the Bank of Slovenia, Dolenc, who is acting as governor in the context of the Slovenian government’s ongoing inability to fill the top spot after the departure more than 11 months ago of Governor Boštjan Vasle, said that “[d]espite the uncertain external environment, economic activity in the euro area has been more robust than expected, reaching 0.3% in the third quarter of this year.”

In the current quarter, he continued, “real GDP growth will slow down somewhat, before picking up again, mainly due to stronger real household incomes, higher government investment in defense and infrastructure and more favorable financing conditions.”

“Favorable labor market conditions” would also persist, he said.

According to Dolenc, euro area financing conditions “remain supportive by historical standards.”

“Future decisions by the Governing Council will continue to be guided by our aim of stabilising inflation at 2% over the medium term,” he said. “Further steps will be based on an assessment of the inflation outlook and associated risks, the dynamics of underlying inflation and the strength of the impact of monetary policy measures. The stance of monetary policy will continue to be decided on a meeting-by-meeting basis.”