wiiw Current Analyses and Forecasts
Croatia: Waiting for the turnaround
publication_icon
in: Fasting or Feasting? Europe - Old and New - at the Crossroads
wiiw Current Analyses and Forecasts No. 10, July 2012 , pp. 94-97
Croatia is slipping again into recession in 2012 and should finally rebound in 2013 provided a strengthening of external demand and the picking up of investments. Households’ disposable income being hit by high and persistent unemployment will keep domestic demand contracting. Reducing the budget deficit including structural reforms and servicing high foreign debt will remain the most challenging tasks for Croatian authorities. EU accession in 2013 may help to revive investments.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Croatia, SEE