„Croatia Has No Answer to the Crisis“

Politics ♦ Published: February 4, 2013; 23:06 ♦ (Vindobona)

Economists fear that the economic crisis in Croatia will continue this year. The government does not implement enough reforms, observers say.

„Croatia Has No Answer to the Crisis“ / Picture: © Vindobona.org

Since 2008, Croatia is in a severe economic crisis. The average economic growth rate came at -1.7% in the last five years. In 2012, the GDP shrank by 1.8%. Croatia´s economic growth rate is expected to reach 0.1% this year. According to Vladimir Cavrak, economist at Zagreb University, the economic outlook is not promising at all. “The government has no answer to the crisis. There is…