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

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.

Analysts expect that Croatia will benefit from the EU…