Croatia Economic Outlook
October 4, 2016The Croatian economy accelerated in Q2, on the back of stronger government consumption and fixed investment. According to the latest high-frequency data, the good economic momentum likely carried over into Q3: retail sales growth speeded up in July, while in August unemployment continued to fall and industrial production accelerated. In the political arena, elections were held on 11 September. The conservative Croatian Democratic Union party (HDZ) won a relative majority but needs junior partners to form a government. It is likely to renew a coalition with its current partner, the Bridge of Independent Lists (MOST), thus opening door to a market-friendly majority. On 28 September President Kolinda Grabar-Kitarovic started official consultations, which are expected to deliver an outcome in the coming weeks.
Croatia Economy Data
5 years of Croatia economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||3.20||-0.03 %||Oct 20|
|Exchange Rate||6.87||0.41 %||Oct 20|
|Stock Market||1,966||-0.78 %||Oct 20|
Croatia Economic Growth
October 4, 2016The economy seems to have gathered pace, on the back of robust domestic demand and the strong performance of the tourism sector. The major downside risks to growth come from a possible weakening of the EU’s growth rate and rising oil prices. FocusEconomics panelists expect GDP to grow 2.1% in 2016, which is up 0.1 percentage points from last month’s forecast. The panel expects economic activity to expand 2.1% in 2017 as well.
Croatia Economic News
October 17, 2016
In September, consumer prices increased 1.0% from the previous month, which contrasted August’s 0.2% drop and marked the highest reading in four years.
September 29, 2016
After months of political conflict had led the government to collapse in June, snap elections were held in Croatia on 11 September.
September 29, 2016
In August, industrial output rose 2.5% over the same month of last year in seasonally and working-day adjusted terms, which represented an acceleration over July’s weaker 1.2% increase.
September 15, 2016
In August, consumer prices declined 0.2% over the previous month, which was a softer drop than July’s 0.7% decrease.
September 2, 2016
In July, industrial output rose 1.2% over the same month of last year in working-day adjusted terms, which represented a significant slowdown from June’s 4.1% increase and the lowest result in seven months.