Criticism of Croatia´s Fiscal Policy

Politics ♦ Published: February 4, 2014; 19:33 ♦ (Vindobona)

Next year, Croatia´s government wants to comply with the EU fiscal rules. According to economists, this aim is not realistic.

Criticism of Croatia´s Fiscal Policy / Picture: ©

After six consecutive years of negative growth rates, Croatia´s economy faces another challenging year. Since 2008, Croatia´s GDP fell by 13%. In the same period, foreign direct investments fell 80%.

In the latest forecast from December 2013, the HNB (Croatian National Bank) has forecasted a GDP increase of 0.7% in 2014. According to HNB analysts, a rebound in exports and…