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The Economist expect Croatia's GDP to grow in 2018 by 2.6%

22.11.2017  13:44

The Economist has recently unveiled the 32nd edition of its special issue "The World in 2018," which projects Croatia's economic growth at 2.6%, which is slower than in 2017.

When it comes to the projections of other analysts and institutions, the European Commission has revised up its forecast of Croatian GDP growth in 2017 from 2.9 percent to 3.2 percent, saying that the national economy has proved resilient to the Agrokor crisis and growth is expected to pick up in the second half of the year.

The Commission released its Autumn 2017 Economic Forecast on Thursday, expecting the Croatian economy to grow by 3.2 percent in 2017, by 2.8 percent in 2018 and by 2.7 percent in 2019.

The International Monetary Fund and the World Bank expect the economic growth of 2.7% in 2018.

Addiko Bank is even more optimistic, projecting the economic growth at 3%.

Raiffeisenbank Austria (RBA) projected a growth of 2.3% in anticipation of repercussions from Agrokor's overhaul in 2018.

The Croatian government, however, based its draft budget for 2018 on the economic growth projection of 2.9%.

Source: Hina

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