Croatia: Domestic Consumption Remains Weak

BusinessEconomy ♦ Published: October 5, 2013; 15:03 ♦ (Vindobona)

In the next years, Croatia´s economic performance will mainly depend on external factors.

Croatia: Domestic Consumption Remains Weak / Picture: ©


After five years of negative growth rates, Croatia is expected to bottom out in 2014. This year, the newest EU member country will record a GDP contraction of 0.5%, BMI reports. This year, the declining domestic consumption is the main reason for the negative development.

In the medium term, Croatia´s growth rates will be below the potential. Consumption per capita is…