Slovenia PM optimistic over 'fragile' economic recovery

Slovenia's Prime Minister Miro Cerar arrives ahead of the European Council Summit in Brussels on February 12, 2015Slovenia’s economy has improved significantly over the last six months, but the recovery is still fragile and more reform measures are needed, Prime Minister Miro Cerar said Saturday. “We are aware that this is a fragile situation that demands many more measures, this is no time for breaks,” Cerar told AFP on the sidelines of a first national convention of his Modern Centre Party (SMC), which was founded in June last year. With a set of austerity measures and the recapitalisation of state-owned banks adopted by the previous Alenka Bratusek government, the eurozone nation of two million narrowly escaped needing a bailout in 2013. Slovenia’s economy has recovered from a two-year recession, with gross domestic product growing by 2.6 percent in 2014 while the government expects a more modest, two percent expansion this year.

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