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„Croatia Has No Answer to the Crisis“

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: © Flickr

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…

This article includes a total of 442 words.

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