wiiw Forecast Reports
CROATIA: Within a whisker of adopting the euro
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in: Bracing for the Winter
wiiw Forecast Report No. Autumn 2022, October 2022 , pp. 76-79
Croatia’s economy grew strongly in the first half of 2022, thanks to robust household consumption. In addition, the summer tourist season was very solid. As a result, we have revised this year’s GDP forecast up from 3.3% to 5%. Despite record levels of inflation, the European Commission has also confirmed that Croatia is set to join the euro area next year. Nevertheless, the high inflation and the war in Ukraine still promise much uncertainty for 2023.
Reference to wiiw databases: wiiw Annual Database, wiiw Monthly Database
Countries covered: Croatia