Croatia Economic Outlook
April 2, 2019The economy lost steam in Q4 2018 on the back of waning external demand from EU trading partners and despite the strengthening domestic sector. Turning to Q1 2019, available data points to an uptick in economic activity: Industrial production rebounded strongly in January and business confidence was upbeat in the first two months of the year, which bodes well for private sector activity. On the demand side, while retail sales accelerated in January, the unemployment rate rose again in the same month and consumer confidence worsened in January-February. Meanwhile, S&P upgraded Croatia’s credit rating from BB+ to BBB- in late March, citing the country’s improving fiscal metrics as the main reason behind the upgrade. The ratings agency stressed the role of tourism-related inflows, solid domestic demand and fiscal consolidation measures in driving the improved fiscal performance.
Croatia Economic GrowthGrowth should be resilient this year, underpinned by solid domestic demand. Rising inflows of EU funds and a buoyant construction sector are poised to drive an acceleration in fixed investment. Moreover, moderate price pressures and further job gains will buttress consumer spending. Marked economic weakness in Italy and Germany could restrain growth, however. FocusEconomics analysts expect growth of 2.5% in 2019, which is down 0.2 percentage points from last month’s forecast, and 2.5% again in 2020.
Croatia Economy Data
5 years of Croatia economic forecasts for more than 30 economic indicators.
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|Bond Yield||1.86||0.0 %||Apr 18|
|Exchange Rate||6.61||-0.54 %||Apr 22|
|Stock Market||1,819||-0.48 %||Apr 18|
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Croatia Economic News
April 16, 2019
Consumer prices rose 1.0% from the previous month in March, following the 0.2% increase recorded in February.
March 29, 2019
In February, industrial output rose 0.6% in working-day adjusted terms over the same month last year, following January’s much stronger 4.6% increase, which had marked the fastest expansion in over two years. February’s deceleration was caused by a sharp downturn in the electricity, gas, steam and air conditioning supply sector, as well along with more moderate growth in the manufacturing sector.
March 15, 2019
Consumer prices rose 0.2% from the previous month in February, rebounding from the 0.9% decline recorded in January.
March 7, 2019
In January, industrial output rose 4.7%% in working-day adjusted terms over the same month last year, contrasting December’s sharp 6.6% decline and marking the strongest expansion in over two years.
March 1, 2019
The Croatian economy lost traction in the final quarter of last year, according to detailed GDP data released by the Statistical Institute on 1 March, with annual economic growth sliding to 2.3% from 2.8% in the third quarter.