Businesses expect higher economic growth in 2016

Croatian business people hope for higher economic growth this year, a survey conducted by the Privredni Vjesnik business newspaper shows.

The annual survey, described as "a barometer of the state of the national economy", was presented in Zagreb this past week. It was carried out in November and December 2015 among 433 businesses that account for 14% of the net profit of the Croatian economy and employ 47,000 people.

On a scale of one to five, their average rating for the performance of the Croatian economy in 2015 was 2.4, as against 2.16 in 2014.

As many as 61% of those polled believe that the growth rate will be slightly higher this year than last year, while 31.7% of the respondents expect the same growth rate.

Nearly every second respondent hopes that conditions for investment and doing business will be the same as last year, 44.6% believe in a slight improvement, and 1.5% fear a deterioration.

A third of businesses, or 34.4%, announced higher investments in upgrading their capacity and 37% said their investments in the modernisation of their capacity would remain unchanged.

The newspaper declared Damir Novotny the best economic analyst in 2015.

Novotny said that the Croatian economy had overcome the recession thanks to the private and not public sector and that entrepreneurs should now be ensured better conditions for doing business. "It is high time that the government stopped being autistic and stopped thinking only about the public sector," he said.

Last update: Sun, 07/02/2016 - 19:21

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