Croatia Economic Outlook
March 5, 2019Recently-released national accounts data showed that the economy lost steam in the final quarter of 2018, as annual growth moderated to a one-year low, following a solid third-quarter outturn which was underpinned by upbeat domestic demand. A weak external sector dragged on overall activity as exports barely grew, which were primarily supported by the booming tourism industry, while imports spiked. Similar to Q3, the fourth-quarter expansion was propped up by healthy demand at home: Private consumption strengthened notably amid lower inflation and improved consumer confidence, while fixed investment growth jumped to a near two-year high. Going forward, the unemployment rate climbed for the fourth month in a row in January while consumer confidence deteriorated yet again in February—both hinting at the persistence of soft dynamics at the start of the year.
Croatia Economic GrowthBroadly stable and solid growth is expected this year, driven chiefly by firm domestic demand. An improving labor market, healthy wage growth and subdued inflation should buoy private consumption, while fixed investment should benefit from higher disbursement of EU funds and still-low borrowing costs. A sharper-than-anticipated slowdown in major trading partners in the EU poses a key downside risk to the outlook. Met the why particular analysts expect growth of 2.7% in 2019, unchanged from last month’s forecast, and 2.5% in 2020.
Croatia Economy Data
5 years of Croatia economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.86||0.0 %||Mar 20|
|Exchange Rate||6.50||-0.54 %||Mar 20|
|Stock Market||1,787||-0.48 %||Mar 20|
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Croatia Economic News
March 15, 2019
Consumer prices rose 0.2% from the previous month in February, rebounding from the 0.9% decline recorded in January.
March 7, 2019
In January, industrial output rose 4.7%% in working-day adjusted terms over the same month last year, contrasting December’s sharp 6.6% decline and marking the strongest expansion in over two years.
March 1, 2019
The Croatian economy lost traction in the final quarter of last year, according to detailed GDP data released by the Statistical Institute on 1 March, with annual economic growth sliding to 2.3% from 2.8% in the third quarter.
February 22, 2019
Consumer prices fell 0.9% from the previous month in January, following the 0.8% drop recorded in December and marking the third consecutive monthly decline.
January 29, 2019
In December, industrial output fell 6.6% in working-day adjusted terms over the same month last year, deteriorating from November’s 0.8% dip and marking the sharpest drop in over six years.