October 11 (SeeNews) - Raiffeisen Bank International (RBI) said it has affirmed its growth projections for Croatia's GDP at 2.9% in 2017 and 2.3% in 2018.
Croatia's GDP is expected to expand by 2.5% in 2019, RBI said in a statement.
Croatia is projected to turn to an inflation of 1.2% this year from a deflation 1.1% last year. In 2018, inflation is forecast to grow to 1.4%, before increasing further to 2.0% in 2019.
Bosnia's current account surplus is seen to increase further to 3.7% of the GDP in 2017, from 2.6% in 2016, before dropping slightly to 2.2% in 2018. In 2019, Croatia's surplus is to steady at 2.5%.
The general government's deficit is expected to drop to 1.2% of the GDP this year, from 0.8% last year, and fall further to 1.6% in 2018. A year later, Croatia should see a general government deficit of 1.5%.
Public debt, on the other hand, is projected to keep decrease from 83.7% of the GDP in 2016 to 82.4% in 2017, 81.1% in 2018 and 78.2% in 2019.
Croatia's GDP expanded by 3.0% last year, according to RBI.