Politics

Croatia Faces Stagnation

Published: January 5, 2013; 00:11 · (Vindobona)

Last year, Croatia´s economy shrank substantially. In 2013, the country will recover, economists say.

Croatia Faces Stagnation / Picture: © Flickr

After a series of downgrades by the rating agencies, Croatia´s government does not exclude financial aids from IMF anymore. In December, S&P has downgraded Croatia´s sovereign debt rating. Now, Croatian sovereign bonds only have “junk status”. As the debt service costs have grown drastically, the government fears that the austerity measures are not sufficient anymore.…

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Croatia Faces Stagnation

Last year, Croatia´s economy shrank substantially. In 2013, the country will recover, economists say.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.