wiiw Forecast Reports
CROATIA: Calm waters ahead
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in: The Crisis is Over, but its Scarring Effects are Hindering Recovery
wiiw Forecast Report No. Spring 2024, April 2024 , pp. 62-65
Croatia’s accession to the euro area and the EU’s border-free Schengen zone boosted tourism in 2023, with EU-related funds supporting investment activity. The country’s full EU integration will continue to stimulate trade and investment in the period 2024-2026. Improving private consumption and strong services exports will ensure robust growth of 2.9% in 2024; we also expect inflation to decline further to 3.5%. Nevertheless, a lack of skilled workers remains an issue and an obstacle to higher GDP growth.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Croatia