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World Bank expects Croatia's economy to grow 2.6% in 2018 

12.01.2018  11:11
In its latest publication "Global Economic Prospects", the World Bank expects Croatia's economy to grow by 2.6% in 2018, which confirms its updated forecast from October 2017.
This is a slowing down compared to 2017, for which the World Bank estimates that it will see a 3% increase in GDP. In 2019, the World Bank expects Croatia's economy to grow at a slightly faster rate, of 2.8%.

The latest World Bank estimate about Croatia's economic growth in 2018 is slightly lower than estimates by other institutions.In its recent estimate the European Commission said that in 2018 it expected Croatia's economy to grow by 2.8% while the International Monetary Fund (IMF) said it expected an increase of 2.7%.

The Croatian National Bank (HNB) expects the economy to grow by 2.9% this year and the government bases this year's budget on an economic growth estimate of 2.9%.
The World Bank expects the global economy to grow at a rate of 3.1% this year, a mild increase compared to 2017, for which it has estimated a growth rate of 3%. In 2019, the global economy is expected to grow at a rate of 3%.

As for Europe and central Asia, which covers Croatia, the World Bank has revised its previous growth forecast of 2.7% to 2.9% for 2018. In 2017, the World Bank believes the growth rate in the region will be 3.8%.


Source: HINA

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