New edition of Croatian Economic Outlook: Continuation of moderate growth
From this issue:
The Croatian economy continued along a recovery path in the first half of 2018 and our projections suggest it will continue to do so in the remainder of the current and throughout the following year. Namely, the expansion momentum from 2017 was carried over into the first half of 2018, with seasonally adjusted quarter-to-quarter growth rates of 0.8 and 1.0 percent for the first two quarters of 2018. A continuation of steady growth that started back at the end of 2014 is further confirmed by year-on-year growth figures for the first and second quarter of the current year, 2.5 and 2.9 percent, respectively. These developments are supported by the persistence of recovery in all three domestic components of GDP, while net exports, despite some positive effect in the second quarter, contributed negatively to the overall GDP growth in the first half of 2018. This expansion activity is expected to level off by the end of the year, with the growth rate projected at 3.0 percent for the current year. As a similar trend is expected to carry on into 2019, although with somewhat reduced contributions of both net exports and domestic demand growth, the forecasted growth rate is expected to stand at 2.9 percent.
The publication can be accessed at the Institute of Economics, Zagreb website here or in the attached document.