wiiw Forecast Reports
CROATIA: Slow return to growth
in: Growth Stabilises: Investment a Major Driver, Except in Countries Plagued by Recession
wiiw Forecast Report No. Spring 2016, March 2016 , pp. 67-70
The current report is only available to members and paying customers. Past issues become freely available online when the next report is released.
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Croatia’s economy has returned to a mild growth path in 2015. The turnaround was backed by a rise in external demand and a modest recovery in household consumption and investments. EU-funded investments and the continuation of private consumption recovery should help to stimulate GDP growth, which, however, will remain relatively weak, 1.7% on average, over the period 2016-2018. Fiscal consolidation coupled with high public debt will remain the main impediments to sustainable growth.
Countries covered: Croatia