wiiw Current Analyses and Forecasts
Croatia: Recession continues
in: New Divide(s) in Europe?
wiiw Current Analyses and Forecasts No. 9, March 2012 , pp. 87-90
In Croatia, GDP growth will decline again in 2012 and should finally rebound only in 2013, provided external demand and competitiveness strengthen. The poor situation on the labour market will continue to be a major obstacle to a recovery in household consumption. The burdens associated with high foreign debt servicing and reducing the budget deficit including structural reforms will remain the most serious challenges for the new government. EU accession in 2013 may stimulate foreign investment flows.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Croatia, SEE