Fiscal Balance in Croatia
Croatia - Fiscal BalanceDespite softening somewhat from the prior quarter, economic growth remained solid in Q3, as the easing of Covid-19 restrictions domestically and abroad boosted numbers of tourist arrivals, favoring the external sector in turn. Meanwhile, capital spending lost notable steam compared to the prior quarter, while household consumption grew at a marginally softer pace. Turning to the final quarter of the year, early indicators suggest that activity has eased further. A pickup in the unemployment rate, coupled with a marked deterioration in consumer sentiment and soaring inflation at the outset of Q4, bodes ill for consumer spending. Moreover, surging Covid-19 infection rates prompted the government to tighten existing restrictions, including mandatory vaccination for public sector workers, which is bound to weigh on domestic demand.
Croatia - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.3||-1.0||0.8||0.2||0.4|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||0.67||0.0 %||Dec 31|
|Exchange Rate||6.64||-0.54 %||Jan 01|
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November 29, 2021
Industrial production grew a marginally weaker 2.6% in annual terms in October, from September’s 2.8%.
November 26, 2021
GDP expanded a robust 15.8% in annual terms in Q3, marginally below the 16.5% growth tallied in the prior quarter, supported by strong tourist activity which buoyed the external sector. The slowdown was due to a moderation in domestic activity.
November 16, 2021
Consumer prices rose 0.94% in October over the previous month, coming in marginally below September's 0.95% rise which had marked a six-month high.
October 29, 2021
Industrial production grew a softer 2.8% in annual terms in September, cooling from August’s 5.2%.
October 15, 2021
Consumer prices rose 0.95% in September over the previous month, picking up from August's 0.19% increase.