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Croatia: Fiscal Situation Deteriorates Further

Published: September 26, 2013; 07:40 · (Vindobona)

Due to the weak economy, the budget gap will increase. The end of the recession is still uncertain.

Croatia: Fiscal Situation Deteriorates Further / Picture: © Flickr

According to Croatia´s government, the country may return to growth already in 2013. However, the growth forecasts already had to be revised a few times in the course of 2013. The government projects a growth rate between 0.1% and 0.5%.

Most economists, by contrast, expect the recession to go on. In this case, Croatia´s economy would contract for the fifth year in a row. Since…

This article includes a total of 233 words.

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