Slovenia’s economy has been emerging slowly from a recession and a banking crisis, while the ECB’s quantitative easing and recent reforms pushed the economy into a rebound. The EPI grades Slovenia’s current economic performance at a C level, with the EPI score projected to be close to 87.7% in 2016.

Slovenia has been recovering after a banking crisis in 2013, when the government had to recapitalize large government banks, which pushed the government’s budget deficit to almost 15% of GDP. Being a member of the Eurozone and having a population of only two million people, Slovenia has been benefiting from improved export performance to the other Eurozone countries.

On the back of higher exports and a stabilizing financial system that is helping the internal demand to recover, GDP growth has been recovering and reached 2.3% in 2015 and is projected to be 1.8% in 2016. The 5-Minute Economist projects Slovenia’s EPI score to stay below 90%, or a C/C-level, until 2020, as unemployment is likely to stay relatively high, along with budget deficits.