wiiw Current Analyses and Forecasts
Croatia: Another year of recession
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in: Will Exports Prevail over Austerity?
wiiw Current Analyses and Forecasts No. 6, July 2010 , pp. 99-102
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2010 will be another year of recession in Croatia.
Fiscal constraints and high foreign indebtedness constitute a major obstacle to financing public investment projects.
Employment will continue to contract, possibly triggering a further decline in household consumption.
The expectations are that GDP growth, might only rebound in 2011, provided foreign demand for both goods and services increases.
Fiscal constraints and high foreign indebtedness constitute a major obstacle to financing public investment projects.
Employment will continue to contract, possibly triggering a further decline in household consumption.
The expectations are that GDP growth, might only rebound in 2011, provided foreign demand for both goods and services increases.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Croatia, SEE