wiiw Forecast Reports
CROATIA: Recession continues
publication_icon
in: On Thin Ice: CESEE Core Resilient in the Face of EU Stagnation and the Ukraine Crisis
wiiw Forecast Report No. Autumn 2014, November 2014 , pp. 51-53
CROATIA
Croatia remains bogged down in recession for the sixth consecutive year. Fiscal consolidation and the overly indebted enterprise sector are the key obstacles to growth. Household consumption remains depressed owing to high and persistent unemployment and continuing deleveraging. Economic recovery will depend primarily on external demand, a revival of private sector investment and increased absorption of EU funds.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Croatia, SEE