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IMF maintains Croatia's economic growth forecast

Author Radomir Ralev
IMF maintains Croatia's economic growth forecast Author: Radomir Ralev

ZAGREB (Croatia), October 9 (SeeNews) - The International Monetary Fund (IMF) said on Tuesday it expects Croatia's economy to grow 2.8% in 2018, confirming its projection from April.

The IMF expects Croatia's economic growth next year to slow down to 2.6%, it said in the October edition of its World Economic Outlook report.

According to the lender, Croatia closed 2017 with a growth rate of 2.8%.

Croatia's consumer prices are expected to increase by an annual average of 1.6% in 2018 and 1.5% in 2019, up from 1.1% last year.

In the April edition of the report, the IMF said it expected the country's consumer prices to rise by 1.5% in both 2018 and 2019.

Croatia's current account balance calculated as percentage of GDP is projected at a positive 2.7% in 2018 and 2.3% next year, after a 3.9% surplus in 2017.

The IMF also projects that Croatia's unemployment will drop to 12.0% this year, from 12.4% in 2017, and further to 11.2% in 2019.