wiiw Current Analyses and Forecasts

Croatia: Another year of recession


Hermine Vidovic

in: Will Exports Prevail over Austerity?
wiiw Current Analyses and Forecasts No. 6, July 2010 , pp. 99-102

free download

2010 will be another year of recession in Croatia.
Fiscal constraints and high foreign indebtedness constitute a major obstacle to financing public investment projects.
Employment will continue to contract, possibly triggering a further decline in household consumption.
The expectations are that GDP growth, might only rebound in 2011, provided foreign demand for both goods and services increases.


Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database

Countries covered: Croatia, SEE