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Croatia: National Bank Forecasts Decent Growth in 2014
Politics ♦
Published: December 31, 2013; 16:26 ♦ (Vindobona)
Private and public consumption are anticipated to shrink further. Nevertheless, Croatia is expected to return to growth next year.
Croatia: National Bank Forecasts Decent Growth in 2014 / Picture: © Croatian National Bank
In 2013, Croatia´s economy went down for the fifth consecutive year. Since 2008, Croatia´s GDP fell by more than 12%. In the same period, foreign direct investments fell by 80%.
In 2014, there will be a trend reversal. The Croatian National Bank (CNB) forecasts a GDP increase of 0.7% in 2014. Croatian banks are less optimistic and predict GDP to grow by 0.1%. According to the…
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