Fiscal Balance in Croatia

Croatia Fiscal Balance | Economic News & Forecasts

Croatia - Fiscal Balance

Momentum seems to have held up quite well in the second quarter, after domestic demand drove an upturn in the first quarter. Healthy wage growth in April, coupled with improving consumer confidence and a falling unemployment rate in the first two months of the quarter, suggests household spending remained in the driver’s seat. Moreover, record tourist numbers over the Easter period point to a strong external sector. That said, softer business sentiment in April-May, on average, indicates investment growth could have peaked in Q1. Meanwhile, last year’s fiscal outperformance and favorable macro conditions prompted Fitch Ratings to raise the country’s rating to investment-grade level on 7 June, by one notch to BBB-, with a positive outlook. On the political front, after meeting with EU officials, Prime Minister Andrej Plenkovic said the country could join the European ERM II within a year, a prerequisite for joining the Euro area.

Croatia - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.3  -5.1  -3.2  -1.0  0.8  

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Croatia Facts

ValueChangeDate
Bond Yield1.240.0 %Jul 11
Exchange Rate6.57-0.54 %Jul 11
Stock Market1,885-0.48 %Jul 11

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