Croatia Economic Outlook
May 8, 2018Recent indicators show signs of a recovery in the first quarter, following a weak economic performance in the last quarter of 2017. Although industrial production growth posted only marginal gains in Q1, this marked an improvement from a near-stagnant showing in Q4. Furthermore, tourist arrivals grew at a double-digit pace in January–February, signaling a continuation of the sector’s stellar performance last year. In addition, robust retail sales in Q4 largely carried over into Q1, which, alongside falling unemployment and healthy real wage growth, suggests that consumer spending was strong in the first quarter. Meanwhile, significant progress was made in the restructuring process of conglomerate Agrokor on April 11, as creditors agreed on draft settlement terms. They will vote on the final deal by July 11; Russia’s state-owned Sberbank is expected to obtain the largest equity stake.
Croatia Economic GrowthEconomic growth should remain robust this year, underpinned by a dynamic tourism sector and solid household spending. Moreover, fixed investment growth is expected to accelerate on the back of higher absorption of EU structural funds. Downside risks to the outlook include, however, the possibility of a disorderly restructuring of Agrokor, although this has lessened somewhat recently, and a slowdown of external demand if political and economic uncertainties reemerge in the EU. Met the why particular panelists project GDP growth of 2.7% in 2018, down 0.1 percentage points from last month´s forecast, and 2.7% again in 2019.
Croatia Economy Data
5 years of Croatia economic forecasts for more than 30 economic indicators.
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|Bond Yield||2.19||0.0 %||May 16|
|Exchange Rate||6.25||-0.54 %||May 16|
|Stock Market||1,844||-0.48 %||May 16|
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Croatia Economic News
April 30, 2018
Industrial output dropped 1.7% in working-day adjusted terms from the same month last year in March, contrasting the 3.3% expansion recorded in February. March’s result was driven by a sharper year-on-year contraction in the mining and quarrying sector compared to in February and a marked drop in manufacturing output following two consecutive months of expansion.
April 17, 2018
Consumer prices rose 0.6% in March compared to the previous month, contrasting the 0.1% decline observed in February.
April 3, 2018
Industrial output rebounded in February, growing 3.3% in working-day adjusted terms from the same month last year in February, contrasting January’s 0.4% drop, which marked the first increase in four months. February’s result was driven by healthy expansions in production in the electricity, gas, steam and air conditioning and manufacturing sectors, while the production in the mining and quarrying sector contracted heavily.
March 22, 2018
Consumer prices dropped 0.1% in February compared to the previous month, following a sharper 0.2% fall in January.
March 13, 2018
Industrial output declined 0.4% in working-day adjusted terms from the same month last year in January, a softer contraction from December’s 2.4% drop, which marked the worst result in almost three years. January’s result was dragged down a sharp contraction in production in the electricity, gas, steam and air conditioning sector, while the production in the mining and quarrying, and manufacturing sectors rebounded from the previous month.