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66 IB Revija 1-2/<strong>2011</strong><br />
Table 4: Comparison with IMAD autumn 2010 forecast<br />
Own forecast<br />
IMAD<br />
<strong>2011</strong> 2012 <strong>2011</strong> 2012<br />
Real growth rates<br />
Private consumption 2.0 2.1 1.0 2.0<br />
Public consumption 1.2 2.1 -0.8 1.4<br />
Gross fixed capital formation 2.7 1.7 4.0 4.3<br />
Exports 8.0 9.4 5.9 7.0<br />
Imports 7.6 8.6 4.5 5.9<br />
GDP 2.2 2.6 2.5 3.1<br />
Growth rates<br />
Consumer prices (CPI) 1.9 1.9 2.7 2.2<br />
Average gross wage per employee 0.1 0.7 0.2 1.3<br />
Unit labour cost -1.7 -0.6 -0.5 n. a.<br />
Employment 0.5 1.2 -0.3 0.2<br />
Levels<br />
Unemployment rate 8.2 7.3 7.1 6.9<br />
Budget balance (% of GDP) -6.6 -5.7 n. a. n. a.<br />
Assumptions<br />
World trade volume (growth rate) 5.7 7.0 n. a. n. a.<br />
GDP in EU (growth rate) n. a. n. a. 1.5 2.0<br />
Oil price (USD per barrel Brent) 82.0 82.0 82.0 85.0<br />
Exchange rate (US dollar per euro) 1.36 1.36 1.29 1.29<br />
3-months interest rate EURIBOR 1.7 2.0 n. a. n. a.<br />
Sources: Own forecast; IMAD Autumn 2010 forecast.<br />
Note: n. a.: not available
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