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Croatia: Domestic Consumption Remains Weak
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In the next years, Croatia´s economic performance will mainly depend on external factors.
Croatia: Domestic Consumption Remains Weak / Picture: © Vindobona.org
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…
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