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Croatia's GDP grows 2.6% y/y in Q1 - think-tank

Author Iskra Pavlova
Croatia's GDP grows 2.6% y/y in Q1 - think-tank GDP, Creative Commons.

ZAGREB (Croatia), May 14 (SeeNews) - Croatia's economic growth accelerated to 2.6% year-on-year in the first quarter of 2019, from 2.5% in the like period of 2018, the Economic Institute in Zagreb (EIZ), a think-tank, said.

The estimated rise in gross domestic product (GDP) in January-March was also higher than the increase registered in the final quarter of last year, of 2.3%, EIZ said on Monday in the monthly review of its Coincident Economic Index, CEIZ.

The CEIZ index aims to provide timely information on the current business cycle conditions. Its value changes simultaneously with the business cycle, thus serving as an indicator of the present state of the economy. 

Croatia's statistical office is expected to release its flash estimate for first-quarter GDP on May 29.

The government expects that Croatia's economy will grow 2.5% this year, slightly decelerating from 2.6% expansion in 2018.