wiiw Current Analyses and Forecasts
Croatia: EU membership within reach
in: Recovery: Limp and Battered
wiiw Current Analyses and Forecasts No. 8, July 2011 , pp. 87-90
In Croatia, GDP growth in 2011 should finally rebound, the proviso being that external demand, particularly the demand for tourism services, improves. High unemployment may hamper a more pronounced recovery in household consumption. The burdens associated with high foreign debt servicing and reducing the budget deficit will remain the most serious challenges in the years to come. Prospects of joining the EU in 2013 may stimulate foreign investment flows; a negative referendum on accession to the EU would be a clear setback.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Croatia, SEE