Authors: Nevenka Čučković  and Valentina Vučković

Publisher: Routledge, London

Year: 2020

A chapter on Croatian economy in the Yearbook “Central and South-Eastern Europe 2020 brings analyses of number of macroeconomic indicators for the Croatian economy achieved in 2018 as well as economic outlook for 2019 and 2020. The analysis encompasses of the main macroeconomic indicators as well as the sectorial trends, including foreign trade, fiscal and monetary policy, private sector development, FDI, labour market, housing, education and social policy. The growth rate in 2018 has further slowed down to 2.5% due to an impact of moderation of exports and tourism revenues and the sluggish growth in particularly in the last quarter of the year. Although Agrokor crisis was successfully resolved by the creditors’ settlement agreement on debt restructuring plan in July 2018, the new problems with shipyard group Uljanik which resulted with activation of state guarantees, aggravated the economic situation in the second half of the year. The majority of analysts forecasted in April that GDP growth would continue to moderate also in 2019 and 2020, however the exceptionally good results achieved in the first quarter has substantially upgraded the outlook for the whole year.

For the last ten years the authors regularly contribute to the Yearbook.

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