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Croatia´s Fight Against the Recession: More Austerity and Increase in Exports

Politics ♦ Published: September 14, 2012; 19:31 ♦ (Vindobona)

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According to Paul Krugman, the development of Croatia´s economy depends on the performance of the export-oriented industry.

Croatia´s Fight Against the Recession: More Austerity and Increase in Exports / Picture: © Vindobona.org

Increasing exports would be the only way to achieve growth again, he says. Croatia´s domestic market would be too small. However, Krugman admits that this will be no easy task. Apart from Germany and Austria, all important trading partners face a recession. Other important export markets are Italy, Slovenia and Bosnia.

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