The new issue of publication SEE-6 Economic Outlook (Vol. 10, No. 1, July 2024) presents an analysis of Dr Nevenka Čučković from IRMO of the recent performance of the Croatian economy as well as the medium-term outlook of economic growth for 2024-2026.
Grounded on the relatively strong economic growth rate of 3.9% achieved in the first quarter of 2024, the Croatian Government increased the GDP growth rate projections for 2024 to 3.5%. It is presently among highest in the Euro area, which continues to recover rather slowly. International organisations and independent economic analysts also increased their growth expectations for 2024, which are now in the range of 3.0-3.4%. Prevailing positive expectations are based primarily on continuance of domestic demand’s growth backed by further increases of personal and public consumption, continuance of the EU funded investments, favourable developments at the labour market as well as additional decrease of inflation. However, the economic growth would mildly slowdown in the following two years to 2.8% in 2025 and 2.7% in 2026, caused by slow economic recovery of the main EU trading partners as well as by prolonged uncertainties related to the ending of conflicts in Ukraine and Gaza, which have significant impact on the energy and raw material prices.
SEE-6 Economic Outlook is a biannual publication in English published by members of the SEEA association since 2015. The publication provides an overview of economic trends and short and medium-term forecasts for selected countries in Southeast Europe. It is published by the Institute of Economic Sciences, Belgrade in cooperation with partner institutions from Bosnia and Herzegovina, Croatia, Montenegro, North Macedonia, Romania and Slovenia, which also includes IRMO, Zagreb.
The text of the publication is available in open access at: https://www.library.ien.bg.ac.rs/index.php/see6
