wiiw Forecast Reports
CROATIA: Hope for a reversal of the negative growth trend
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In Croatia GDP fell for the sixth consecutive year; however, the country is likely to return to a slightly positive growth path in 2015. Household consumption remains subdued owing to high and persistent unemployment and continued deleveraging. Economic recovery will hinge primarily on external demand, and a revival in investment activities following increased absorption of EU funds. Fiscal consolidation and an overly indebted enterprise sector are the key obstacles to more robust growth.
Countries covered: Croatia