ZABA, SPAN push lower Croatian share indices
Foreign tourist arrivals to Bosnia's Federation down 0.9% y/y in Jan
Ljubljana stock indices decline in lower turnover
Bosnia's Federation annual inflation slows down to 0.7% in Jan
Croatia's industrial PPI down 1.4% y/y in Jan
Oct 17, 2022 14:44 EEST
October 17 (SeeNews) - Croatia's economic growth is seen at up to 5.8% this year before losing steam next year, reflecting an ongoing slowdown of the global and European economy, the county's central bank governor said.
“Croatia will still have a very good year [in 2022]. We expect growth of 5.5% to likely 5.8% this year, which is following growth of 10.2% last year,” central bank governor Boris Vujcic said on the sidelines of The 2022 World Bank Group/International Monetary Fund Annual Meetings on Sunday in Washington, an as seen in a video file published by state TV brodcaster HRT.
“However, next year we expects that this slowdown that we see [abroad] will entirely reflect into a much lower growth rate as we expect next year the local economy to grow by just 1%,” Vujcic added.
The slowdown on global level has been visible for some time, in Europe as well, and in Croatia it is seen very recently, practicaly from the data for September afterwards, he explained.
Croatia's economic growth is expected to be around 6% this year, much higher than originally planned by the government and far above the initial forecasts of other institutions, Croatian prime minister Andrej Plenkovic said on Thursday.
The International Monetary Fund (IMF) said earlier last week that it expects Croatia's economy to expand by 5.9% this year, improving its 2.7% growth forecast made in April, while the European Bank for Reconstruction and Development (EBRD) at the end of September said Croatia's economy is expected to expand by 6.5% this year, sharply lifting its forecast for 3.0% growth made in May.
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options