December 19 (SeeNews) - The Croatian central bank said on Monday it expects the country's real gross domestic product (GDP) growth to slow down to 1.4% in 2023, from estimated 6.3% this year amid geopolitical instability and strong inflation.
A mild decline in Croatia's overall exports and a slowdown of personal consumption and investments are expected in 2023, the central bank said in a press release.
The inflation rate is expected to surge to 10.6% in 2022, and to slow down to 7.5% next year, it added.
In October, the central bank projected an economic growth of 5.5% to 5.8% this year, following a growth of 10.2% last year, and an inflation rate of 10.3% for 2022.