Croatia Economic Outlook
bet360备用网址March 10, 2020The economy lost some traction in the fourth quarter of last year, after growth accelerated in the third quarter. A lackluster industrial sector, coupled with weakness in the EU, translated into strong destocking and caused the external sector to drag on the economy in Q4. On the other hand, robust household spending on the back of healthy wage growth and subdued inflation cushioned the slowdown. Turning to the first quarter of 2020, momentum seems to have waned: Business and consumer confidence weakened in February amid the coronavirus outbreak, which is set to hit the important tourism sector. Meanwhile, in mid-February, the IMF concluded its Article IV consultation with the country. The Fund emphasized the improved fiscal situation, although warned the government against fiscal slippage and encouraged it to redirect budget funds to investment.
Croatia Economic GrowthGrowth is set to slow this year, as a weak Eurozone and the impact of Covid-19 will hit external demand and restrain investment activity. Nonetheless, the economy should continue to expand at a healthy pace, supported by solid consumer spending fueled by income tax cuts and sustained wage and employment growth. The coronavirus epidemic clouds the outlook. FocusEconomics panelists forecast growth of 2.5% in 2020, which is unchanged from last month’s estimate, and 2.4% in 2021.
Croatia Economy Data
5 years of Croatia economic forecasts for more than 30 economic indicators.
bet360备用网址Get a sample report showing our regional, country and commodities data and analysis.
|Bond Yield||0.67||0.0 %||Dec 31|
|Exchange Rate||6.64||-0.54 %||Jan 01|
Request a Trial
bet360备用网址 Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Croatia Economic News
March 6, 2020
Industrial production dived 5.5% in working-day adjusted terms over the same month last year in January, a sharper drop than December’s 2.2% contraction.
February 28, 2020
The economy lost traction in the final quarter of last year, according to detailed GDP data released by Croatia’s Statistical Institute (CBS) on 28 February.
February 21, 2020
Consumer prices dropped 0.3% over the previous month in January, following December’s 0.1% dip.
January 30, 2020
Industrial production slumped 2.2% in working-day adjusted terms over the same month last year in December, a sharper drop than November’s 0.4% contraction.
January 16, 2020
Consumer prices dipped 0.1% over the prior month in December, following November’s 0.2% drop.