Slovenia’s economy generates nearly 70% of GDP from exports. What is the ECB’s assessment of our main trading partners, Germany, France, Austria and Italy? Could we expect more demand from these countries this year? Certainly demand in the largest European economies is steadily improving. This is obviously not enough, but growth is positive again and it is accelerating.
It should be noted that depreciation of the Mexican peso vis-à-vis the US dollar is consistent with movements observed in the currencies of some commodity exporting AEs, such as Canada and Norway. Likewise, the evolution of the peso compares favorably with the exchange rates of other EMEs in that period.