wiiw Forecast Reports
CROATIA: Economic recovery further delayed
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in: Investment to the Rescue
wiiw Forecast Report No. Spring 2014, March 2014 , pp. 37-39
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CROATIA
Economic recovery in Croatia will be delayed by another year due to fiscal consolidation efforts. GDP growth should rebound only in 2015, provided investments pick up and external demand strengthens. Private consumption will remain suppressed due to high and persistent unemployment as well as household and enterprise deleveraging. Benefits of EU membership can be expected only in the medium run.
Economic recovery in Croatia will be delayed by another year due to fiscal consolidation efforts. GDP growth should rebound only in 2015, provided investments pick up and external demand strengthens. Private consumption will remain suppressed due to high and persistent unemployment as well as household and enterprise deleveraging. Benefits of EU membership can be expected only in the medium run.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Croatia, SEE