wiiw Current Analyses and Forecasts
Croatia: Joining EU under difficult conditions
in: Animal Spirits still Dimmed: Slow Recovery Expected
wiiw Current Analyses and Forecasts No. 12, July 2013 , pp. 69-70
Croatia faces yet another year of recession extending throughout 2013. Growth should finally rebound in 2014, provided investments pick up and external demand strengthens. Owing to rising and persistently high unemployment, private consumption will remain suppressed. Fiscal consolidation and structural reforms will remain the major challenge in the years ahead. Joining the EU may help to increase foreign investor confidence, while regional trade will suffer.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Croatia, SEE